Bangladesh Textile News Summaries

BANGLADESH: New plans to export jute-made pulp
The minister termed the technology of peeling off jute fibers through ribbon retting system as 'fruitful', saying it will help produce better quality fibers allowing farmers to earn more.

BANGLADESH: Akhaura to help cut trade deficit with India
The Akhaura land port realizes the government revenue from export and import goods, value added tax (VAT), development surcharge, supplementary tax, penalty, PSI, court fee, corridor tax, sales tax and travel tax. Indian goods using Bangladesh river routes will be landed at Ashugonj river port where the goods will be taken to Agartala.

BANGLADESH: Tk 10b Cash Incentives Released for Exporters
The government has released cash incentives worth Tk 10 billion for disbursement among major exporters as first installment for the current fiscal year, officials said.

BANGLADESH: Four BTMC Mills to Restart Operation this Month
Four mills under the state-owned Bangladesh Textile Mills Corporation (BTMC) will start production again from the to create job opportunities for some 10,000 people.

BANGLADESH: BGMEA Seeks Support to Overcome Problems
Smooth labour-owner relationship, a strong media cell and development of self security system through a separate intelligence wing could protect the Readymade Garments (RMG) sector from any further worse situation.

BANGLADESH: BJMC Owes Tk 5.0 Billion in Overdue Loan
The Bangladesh Jute mills Corporation (BJMC) owes about Tk 5.0 billion in overdue loan to Agrani Bank Ltd, making the smooth operation of the state-owned lender difficult, a top banker said.

BANGLADESH: 56,579 hectares under jute cultivation
Some 56,579 hectares of land were brought under jute cultivation in seven upazilas of the district in this season with a production target of 5.68 lakh bales of Jute.

BANGLADESH: Parliament raises public sector workers' retirement age
Bangladesh Parliament Monday passed a bill on raising retirement age of workers employed in different corporations under a number of ministries by three years.

BANGLADESH: Jute export grows by 57 per cent
Bangladesh's earning from raw jute and goods made of the natural fiber in the first 10 months of the current fiscal year 2009-10 ending this month marked an impressive over 57 percent growth year on year on ballooning global demand, official data showed.

BANGLADESH: Jute price more than triples in three years
Jute farmers in 10 south-western districts are cultivating the cash crop in larger areas of land as it is earning them good profit for the last three years.

BANGLADESH: Bextex joins hands with Huntsman TE
Bextex Limited and Huntsman Textile Effects announced a strategic partnership to provide a consistent and sustainable supply of high-quality textile dyes and chemicals and technical service.

BANGLADESH: Bangladesh to Hold Textile Fairs in India
Bangladesh for the first time will organise textile fairs in four Indian cities in April, a move that will help increase bilateral trade volume

BANGLADESH: Swedish Firm to Expand Outsourcing in Bangladesh
Swedish firm engaged in outsourcing home textiles and home furnishing items is planning to expand its operations in Bangladesh.

BANGLADESH: RMG Exports to Surge Despite Global Recession
The ready made garment sector, one of the pillars of the Bangladesh economy, is definitely in a positive mode despite global financial meltdown.

BANGLADESH: BATEXPO is Expected to Woo Foreign Buyers
The three-day Bangladesh Apparel and Textile Exposition (BATEXPO) must woo foreign buyers to buy apparel products, said Anwar-Ul-Alam Chowdhury Parvez, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), at a press conference in Dhaka.

BANGLADESH: M/s Lenny Apparels will set up Garments Industry in Dhaka
M/s Lenny Apparels Limited, a 100 per cent Indian company, will set up a woven and knit garments industry in the Dhaka Export Processing Zone (DEPZ) at a cost of US$9.776 million or about Tk 670 million.

BANGLADESH: knit+tex Bangladesh 2008 International Expo
Bangladesh is the 3rd largest exporter of Knitwear to the EU with China & Turkey and exports over US$ 5 billion.

BANGLADESH: 270 sick garments to get tax, loan waiver
The government has taken steps to waive income tax and default loans of 270 ailing garment industries to rehabilitate, revive and help those resume production.

BANGLADESH: According to BGMEA president Budget 2008-09 is not export-friendly
Exporters criticised parts of the budget for what they said was a lack of clear focus on exports, a day after it was proposed by finance and planning adviser AB Mirza Azizul Islam."

BANGLADESH: Bangladesh expects $25 bln textile exports by 2013
Bangladesh expects to treble its textiles exports to $25 billion over the next five years at the expense of China and India

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