Team Group targets $1b export by 2026 Ships garments, medicines Team Group, a leading garment exporter, has targeted to export goods worth $1 billion by 2026, when Bangladesh is scheduled to officially make the United Nations status graduation from a least developed to a developing country. To put this into
Read MoreLarge conglomerates expanding ceramic footprints Rapid urbanisation, diversified housing and a rise in people’s disposable income: these are the factors that have been boosting the country’s ceramic market to a more than Tk6,000 crore with a 20% annual growth. The increasing demands for ceramic tableware, sanitaryware and tiles encouraged the
Read MoreFirst industrial park for shoes shaping up A top footwear manufacturer is setting up a shoe industrial park, the first of its kind in Bangladesh, to supply import substitute raw materials and accessories to producers, boost exports and attract foreign investment. The Bangladesh Investment Development Authority (Bida) gave the permission
Read MoreExports surge 41pc in Jan Earnings from merchandise exports from Bangladesh surged 41.13 per cent year-on-year to $4.85 billion in January, the second-highest single month receipts, on the back of rebounding garment shipments. Shipments soared 30.34 per cent year-on-year to $29.54 billion in the first seven months of the current
Read MoreWorker shortage a new challenge for RMG Fakir Apparels Ltd (FAL) appointed 400 new workers last month after training them for three months at its training centre as the Narayanganj-based garment factory has received 25 per cent more work orders this season compared to the last season.Industry people say they
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