But more needs to be done achieve real sustainability
Fakir Knitwear Limited is set to invest about $45.82 million to set up a knit composite factory at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, Chattogram.
Bangladesh’s apparel exporters displayed the sharpest growth in the US in 2022, leaving behind their competitors in the countries such as China and Vietnam, owing mainly to the lingering tariff war between Washington and Beijing and capacity building.
Bangladesh’s export earnings stood at $4.63 billion in February, the lowest in four months, although overall receipts rose 7.81 per cent year-on-year led by apparel, leather and leather goods shipments, official figures showed yesterday.
As the global economy is threatened by recession, RMG makers will have to come up with strategies to deal.
Apparel exporters are concerned over the United Kingdom’s ban on cargo flights from Dhaka and say it might adversely effect the country’s exports.
