The RMG sector of Bangladesh has solidified its status as the second-largest apparel exporter globally. Despite this triumph, the sector faces challenges due to global geopolitical tensions, exchange rate fluctuations, dollar crisis, surge in cotton price, aggravated by intense competition from low-cost nations. To this end, digital transformation has emerged as
Tag: RMG
Discussion session of RMG Council on Garment Industry
After the success of Forum's previous interactive discussion session, Forum Leaders with BGMEA members again talked to an open & interactive discussion session held at Gulshan Club, Dhaka on Jan 13, 2024 on the subject of RSC (RMG Sustainability Council). Responding to the invitation, 180 business owners of different factories
RMG exports in Sept witness 14.46pc growth
n for all. Country's RMG exports witnessed a healthy growth of 14.46 percent in September this year totaling $3.61 billion up from $3.16 billion registered in the same month last year. According to the latest statistics of the Export Promotion Bureau (EPB), Bangladesh's apparel export earnings reached $11.61 billion during this
RMG worker ‘pushed off’ moving bus, dies in Gazipur
CPD urges to monitor 856 risky RMG factories
The Centre for Policy Dialogue (CPD), a think tank, on Wednesday suggested taking immediate step to bring 856 hazardous garment factories under monitoring to avoid tragedies. Khondaker Golam Moazzem, research director of CPD, made the suggestion at a briefing on 'Workplace safety in the garment industry: Challenges to sustain achievement' at
RMG industry in transition to circular economy for environmental sustainability: BGMEA
The readymade garment industry of Bangladesh is increasingly focusing on the transition from linear business model to circular economy for greater environmental sustainability coupled with economic growth, said Faruque Hassan, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA). He said, “To what extent climate change will change the world is
RMG exports to non-traditional markets increased by 23.75pc in July
RMG exports to the United States, the largest export destination for Bangladesh, has increased by 6.31% in July of fiscal 2023-24 to USD 729.03 million, from USD 685.77 million in July 2022-23, according to recent statistics of the Export Promotion Bureau (EPB). "During the first month of the fiscal year 2023-24,
RBH begins journey for human rights in RMG
The Responsible Business Hub (RBH) has started its journey with an aim to strengthen human rights and environmental due diligence in the readymade garments industry of Bangladesh, a press release said on Monday. The hub, set up by BGMEA and BKMEA with the support of the German development agency GIZ, will
Dhaka needs to improve wages in RMG sector: UN
While Bangladesh seeks to diversify its economy and in particular its exports, it also should improve working conditions and wages in the RMG sector and beyond, said a UN expert on Monday. "There is ample room for increasing the minimum wage," UN Special Rapporteur on extreme poverty and human rights Olivier
BGMEA, Mitro Fintech signs deal to improve RMG workers financial inclusion
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has partnered with Mitro Fintech Ltd to improve the financial inclusion of Ready-Made Garments (RMG) workers. The partnership aims to offer digital financial solutions to workers, read a press release issued on Wednesday. While commenting on the partnership, BGMEA President Faruque Hassan said,