The number of newly established firms continued to surge on the back of government efforts to streamline the process for starting a business, according to official data. About 348,200 new companies were registered in January, up 37.74% year-on-year, statistics from the State Administration for Industry and Commerce showed. Notably, the number of newly registered firms in the tertiary industry surged 41.61% to 280,100, accounting for 80.44% of new companies. By the end of January, the

Garment makers are dreading a significant drop in work orders from June as retailers refuse to travel to Bangladesh for the political turmoil since January 6. The retailers or their representatives were due in January and February to have a look at the factories and put in work orders for the summer but they did not come, said Shahidullah Azim, vice-president of Bangladesh Garment Manufacturers and Exporters Association. Although the internal situation like transportation of goods from fac

The textile industry is drawing up the “13th Five-year Plan of Textile Industry” and the draft of which will be finished in the first half of this year, Li Jincai, director of China Textile Planning Institute of Construction said at the recently held 2015 China-Asia International Textile Forum. According to Li Jincai, the 13th Five-year Plan will focus on five directions: upgrading of textile chain, internationalization, domestic regional transfer, eco-friendly sustainable development and ta

To revive the handloom industry and protect the interests of weavers, the Weavers’ Protection Committee are wanting separate bank to cater to their needs. Hence, they have urged the government to take step for establishing an exclusive bank. Yemmiganur and Adoni towns were predominantly inhabited by weaver families and they are leading a miserable life since the collapse of the cottage industry. The association drew the attention of the government to the need for improving the designs and qua

Commerce Minister Tofail Ahmed has called upon G7 countries to impress upon the global brands, retailers to uphold justice and fairness in determination of price towards RMG manufacturers within a sustainable global supply chain. Addressing the G7 stakeholders’ consultation on developing sustainable global supply chain, the Commerce Minister elaborated the way the Bangladesh textiles and RMG industry grew over the decades complying with the range of international social and environmental stan

Several High Street and high-end fashion brands have been implicated in a report on labour abuses in Cambodia. Human Rights Watch says it has uncovered alleged abuses at Cambodian garment factories that supply Marks & Spencer, Gap, H&M, Adidas and Armani. The pressure group found evidence of discrimination and anti-union practices, it says. It believes that short-term contracts can prevent workers from asserting their rights. HRW says it also found evidence of people being fo

The intention of cotton-growing in China will go downward in 2015, expanding 7.5 percentage points compared to 2014. A survey conducted in January on 95 counties, 98 towns, 313 villages and 2,742 cotton growers shows that 41.4% of them will keep the same growing area as in last year, down 20.4 percentage points from a year ago; 5.9% of them will increase cotton-growing area, down 1.1 percentage point from last year; 41.6% of them will reduce cotton-growing area, 14.0 percentage higher than last

Despite rising cotton prices on Tuesday, spinners continued to build up their stocks fearing delay in arrival of next crop. The next cotton crop is likely to be late by three to four days, as a result of the ongoing spell of rain in Punjab and cold weather in Sindh. The higher consumption of cotton by the textile industry is also putting pressure on lint prices which have moved to a seasonal high of Rs5,250 per maund. However, shortage of quality lint is another major factor which has pushed

Staff Correspondent The government-set review committee has started its review on three more garment factories where the International Labour Organisation-appointed inspection teams found structural faults and recommended the committee for next course of action immediately. The review committee comprised of representatives from the government, Accord, Alliance, BUET, BGMEA and BKMEA on Friday reviewed a factory located in Chittagong and asked the factory authorities for load management immed

Worries of the Punjab based textile industry are increasing due to merely four to six hours a day gas supply to the captive power plants (CPPs) despite a clear-cut instruction of uninterrupted supply by the Prime Minister Nawaz Sharif. The industry circles have criticised the Sui Northern Gas Pipelines Ltd (SNGPL) for not following the government's decision regarding gas supply to textile units, which constitute 70 percent of the total capacity in the country. Meanwhile, the press reports re