BGMEA targets 10pc global market share by 2025

Local garment manufacturers have set a target to raise Bangladesh’s share in the global apparel market to 10 per cent by 2025 from below 7 per cent now by adding new products and entering new markets. By 2022, they want to lift the market share to 8 per cent from 6.8 per cent presently.The global apparel market is expected to reach $842 billion in 2025 and $1,138 billion in 2030.The Asian markets such as India and Japan will be major focus for the BGMEA as it looks to capture the 10 per cent stake and earn $100 billion through apparel exports by 2030.Shipment to Japan has already surpassed the $1-billion mark. It rose 16.27 per cent to $1.09 billion in the fiscal year that ended in June. The export to India surged 69.58 per cent to $715.41 million and to South Korea by 36.43 per cent to $439.75 million

Source: https://www.thedailystar.net/business/economy/news/bgmea-targets-10pc-global-market-share-2025-3116246

Internet users rise in July

The number of internet users in Bangladesh rose in July on the back of a spike in mobile data consumption as operators try to expand their network and improve the quality of 4G service. There were about 14 lakh new data subscribers in the month compared to June, taking the total number of internet users to 12.76 crore, data from the Bangladesh Telecommunication Regulatory Commission (BTRC) showed. The gain in July stood at 3.8 per cent year-on-year.In March, the country’s four mobile phone operators bought 190 megahertz of spectrum for $1.23 billion, or Tk 10,645 crore. Once the operators add the additional spectrum to their network, the suffering for the customers in the form of slower internet speed and subpar voice services would lessen to a large extent.All of the new 14 lakh subscribers came in the mobile internet segment, raising the number of people who access internet on their handheld devices to 11.64 crore in July from 11.50 crore a month earlier. Mobile data users were up by about 2.5 per cent in July compared to the same month a year earlier.

Source: https://www.thedailystar.net/business/telecom/news/internet-users-rise-july-3116231

Food and Chemical Lab Expo in city today

The country’s first ‘Food and Chemical Lab Expo 2022’ is going to kick off today (Sunday) in the city aiming to evaluate the testing and accreditation capacity of the country’s labs, organisers said at a press meet on Saturday. A total of 44 government and private testing labs and machinery suppliers are set to showcase their technology and capacity in the day-long event, said the officials at the press briefing, organised jointly by the Bangladesh Food Safety Authority and USDA’s Bangladesh Trade Facilitation Project in the city.

Source: https://today.thefinancialexpress.com.bd/trade-market/food-and-chemical-lab-expo-in-city-today-1662825112