Listed textile and garment makers are still suffering from falling profits, impacted by lower sales of clothing in the markets abroad amid the ongoing coronavirus pandemic. However, this scenario of the sector has one exception: spinners. Yarn makers listed at Dhaka Stock Exchange (DSE) logged higher profits in the July-March period of the current year from that of a year ago
Non-bonded exporters struggle to get raw material The New Nation
Business Desk :
A good number of direct garment exporters are facing difficulties in producing their goods as they are failing to source raw materials from local suppliers because of not having bonded warehouse licenses.
Customs Bond Commissionerate, both in Dhaka and Chattogram, has recently stopped issuing utilisation permission (UP) to the direct exporters, who don t have bonded warehouse licenses against their purchases of raw materials, goods and dyed and finished yarn for sweater, from deemed exporters who have bond licenses.
Direct export is the sale by an exporter directly to an importer situated in another country, without using another individual or organisation to make arrangements for them.
Chemical plants suffer for delays in soda ash import
Textile and glassware units also bear the brunt, complain that Indian suppliers abruptly increased prices
Production in a number of local chemical, textile and glassware factories is facing setbacks for delays in the shipment of soda ash by Indian exporters over the past four months.
Soda ash, also known as sodium carbonate, is a highly soluble substance used for numerous chemical reactions. It is mostly used as an ingredient in the manufacture of dyes and colouring agents, synthetic detergents, fertilisers, glass and gum.
Bangladesh does not produce this chemical and its annual demand for 3 lakh tonnes is met through imports. Although one source is China, over 70 per cent comes from India mainly because of a shorter lead time and lower prices, said importers.
COVID-19 2nd wave: B desh textile companies seek incentives fibre2fashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fibre2fashion.com Daily Mail and Mail on Sunday newspapers.
Bangladesh knitting mills to remain open during lockdown Published: 15 April 2021
Dhaka - Knitting mills across Bangladesh will continue to operate during the country s new Covid-19 lockdown following a plea from the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA).
With the industry key to the national economy, the Bangladeshi government agreed with concerns over closures, which also came from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Textile Mills Association (BTMA).
The government has decided to allow factories to run during the lockdown, which began on 14 April following a spike in COVID-19 cases.
Faruque Hassan, president-elect of the BGMEA, confirmed in a WhatsApp message that it had been decided that all export-oriented industries would remain up and running during the lockdown.