Category : Business News

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Srilanka Textiles
Business News

Sri Lanka’s textile & garment exports up 28% in Jan-June ’21

Denim Admin
Sri Lanka’s earnings from textiles and garments exports increased by 28 percent year-on-year to $2.487 billion during the first six months of 2021, according to the statistics released by the Central Bank of Sri Lanka. Exports of textiles increased 47.8 percent to $156.6 million, while garment exports were up 30.8...
Bangladesh apparel
Business News Latest News

Bangladesh apparel, textile sector leaders set ceiling on yarn price.

Denim Admin
Apparel exporters and spinners in Bangladesh have set an upper ceiling on the price of count 30-single yarn to prevent any unusual price hike of the item in the domestic market. Following a continuous rise in yarn prices in the last 30 days, leaders of textile and garment associations met...
Textiles Captains
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Textiles Captain in the pandemic situation.

Denim Admin
Yarn is one of the raw materials for export-oriented garments. Badsha Textiles Limited is the country’s leading manufacturer and exporter of yarn from imported cotton. In 2019, the company supplied more than 12.5 million USD worth of yarn to export-oriented garment factories. Despite the prevalence of Covid, the company’s sales...
Lee Jeans
Business News Latest News

Lee Jeans joins forces with Artistic Milliners on sustainable denim

Denim Admin
Denim brand Lee Jeans has developed Cradle to Cradle Certified jeans at the gold and bronze levels in partnership with Artistic Milliners, one of the world’s largest vertically integrated denim and apparel manufacturers. The new range of selvage jeans are circular by design, explains Lee Jeans, with every component being...
Appreals
Business News Latest News

Sri Lanka’s apparel manufacturers hopeful EU GSP+ will be retained

Denim Admin
Top Apparel Manufacturers in Sri Lanka recently reiterated that the European Union’s (EU) generalized scheme of preferences plus (GSP+) is critical for the future growth of exports and expressed hope that the government will work towards retaining the concession. The apparel sector contribution to the country’s gross domestic product (GDP)...
Vietnam Garments
Business News

Vietnam’s garment, textile, footwear sectors may take long to recover

Denim Admin
As Vietnam’s garment, textile and footwear sectors have been hit hard by the pandemic, firms may take long to recover, say experts. Some businesses said they are facing penalties for late delivery and the risk of losing orders for the next season. Prospects for this year and 2022 have turned...
BGMEA PRASIDENT
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BGMEA President called on US buyers to reduce audits

Denim Admin
BGMEA President Faruque Hassan has called on US buyers to reduce the number of factory inspections to reduce the cost of garment owners. He made the call at a roundtable meeting organized by the Bangladesh Embassy in Washington DC on Friday to expand the market for readymade garments in the...
Bgmea
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BGMEA President Faruque Hassan seeks IFC cooperation to finance SMEs in sustainability

Denim Admin
On September 9, 2021 (US Time) Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President  Faruque Hassan and vice President Miran Ali join a meeting of the International Finance Corporation (IFC) held at IFC headquarters in Washington D.C. BGMEA President Faruque Hassan notify the IFC of the progress made by Bangladesh’s garment...
Garments
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Bangladesh Becomes The 2nd Garments Exporter Once Again.

Denim Admin
Bangladesh Snatches Back No. 2 Garment Exporter Title. Bangladesh has come out ahead in the race for the world’s No. 2 clothing exporter after China. at least for the moment. After ceding ground to Vietnam in 2020, the South Asian nation clawed back its lead in the first seven months...
BD SUMMIT
Business News

Bangladesh is going to organize international Investment summit in November.

Denim Admin
To attract investments from both home and abroad, Bangladesh Investment Development Authority (BIDA) is going to organize an international summit in Dhaka from 28-29 November. Bangladesh Investment Development Authority (Bida) executive chairman  Sirazul Islam Said, “We are targeting 15 countries from which we expect more investment. And we will also...