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Tags : Textile


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Textile millers demand low-cost loans to offset business losses

The country’s textile mill owners have sought low-interest bank loans to help cover workers’ wages and utility bills for July, saying that the industry faced significant financial losses due to the disruption of business operations amid the recent unrests over quota-reform movement...

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Bangladesh may see fastest growth in cotton consumption: report

Bangladesh and Vietnam are expected to experience the fastest growth in cotton consumption and trade over the decade due to their competitive labour and production costs, which will lead to significant expansions in their milling capacities, according to a global report...

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Banks delaying payment to local textile makers: BTMA

Banks are holding up payments to local textile manufacturers against purchase of raw materials by readymade garment exporters under back-to-back letters of credit, textile manufacturers alleged...

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RMG, textile businesses for source tax cut

Leaders of the country’s apparel and textile sectors on Saturday urged the government to reduce tax at source to 0.50 per cent from existing 1 per cent for the...

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Gas crisis cuts textile production by up to 65pc: BTMA

Production in more than 1,000 textile mills in the country has plummeted by 50-65 per cent over the past month due to a severe shortage of gas supply, according to the Bangladesh Textile Mills Association...

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Over 450 textile, RMG units cut freshwater usage by 35b litres

Over 450 textiles and readymade garment factories in Bangladesh under IFC-led programme ‘Partnership for Cleaner Textile’ have reduced freshwater consumption by 35 billion litres and cut wastewater discharge by 29 billion litres annually...

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