BGMEA DAILY DIGEST
News published in media related to RMG: Today’s RMG News

The Business Standard
Garment factory owners assure no major unrest ahead of Eid During a meeting with Home Affairs Minister Asaduzzaman Khan on Monday, garment factory owners assured that there would be no major unrest before Eid-ul-Fitr.Bangladesh Garment Manufacturers and Exporters Association President SM Mannan Kochi and Bangladesh Knitwear Manufacturers and Exporters Association President Salim Osman among other officials of both organisations attended the meeting. After the meeting, SM Mannan Kochi told The Business Standard that they had discussed the issue of ensuring timely payment of salaries to the workers. "We are gradually reducing the number of factories facing problems, as reported by various organisations. We hope that there will be no major unrest before Eid," he said."Many factories are facing problems due to the financial crisis, but we are closely monitoring the situation. We hope that the workers will be able to celebrate Eid well," he added.

The Business Standard
Red Sea crisis: Exporters face 150% airfreight hike, count extra Tk20cr daily | The Business Standard Air freight charges for container transport from Bangladesh to Europe and the US have surged by up to 150% with escalating demand from exporters who are opting for this pricier mode of transport amid disruptions in the traditional Red Sea route. This is imposing an additional financial strain of around Tk20 crore daily on Bangladeshi exporters.Ashikur Rahman Tuhin, a newly elected director of the BGMEA, pointed out that the Red Sea crisis causes a delay of an extra 14 days in shipments, leading to increased air shipments as buyers demand timely delivery.Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), told TBS that Bangladeshi exporters always try to ship their goods on time. "They resort to air freight when necessary to maintain lead times." Siddiqur Rahman, former president of the BGMEA, said around 90% of air cargo users in Bangladesh are apparel exporters. Small amount of vegetables are exported by air, he added.

The Financial Express
Three priorities for a smart RMG industry : Mohiuddin Rubel, Director, BGMEA and Additional Managing Director, Denim Expert Limited. Bangladesh's Ready-Made Garment (RMG) industry stands as a cornerstone of the nation's economy, driving growth and employment while commanding a significant presence in the global fashion market. However, the industry faces pressing challenges in an era of rapid technological advancement and shifting consumer demands. To sustain its leadership position and embrace the future of fashion, Bangladesh's RMG sector must undergo a transformative journey, leveraging strategic technological interventions. To sustain its position as a global leader in garment manufacturing and to ensure its continued relevance in an increasingly interconnected world, the RMG sector must embrace innovation and technological integration. This narrative delves into three paramount priorities that, when seamlessly integrated, can weave together a fabric of a smarter, more sustainable, and ethically conscientious RMG sector.

The Daily Star
Cotton growers to get govt incentive for the first time The government is going to provide incentives to encourage cotton cultivation for the first time as part of its effort to increase domestic production and cut import dependence on the fibre, which is used by the textiles and export-oriented garment industries.

The Business Post
BGMEA seeks embassy support to boost trade in Italy Faruque Hassan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), paid a courtesy call on Monirul Islam, Ambassador of Bangladesh to Italy, at the embassy in Rome. Embassy officials including Economic Counsellor Md Al Amin and First Secretary (Labour) Ashif Anam Siddique were also present at the meeting.The discussions centred on the significant trade and investment opportunities between Bangladesh and Italy, with a particular focus on increasing Bangladeshi garment exports to Italy, especially high-value fashion products. BGMEA President Faruque Hassan provided an overview of Bangladesh apparel industry’s current state, future potential, and vision.

The Daily Star
Bangladesh's struggle with GHG emissions in textile and RMG Bangladesh's ready-made garment (RMG) sector contributes 15.4 percent of the country's greenhouse gas (GHG) emissions while the textile sector emits 12.4 percent, leading in carbon emissions and posing a challenge to achieving GHG reduction targets set in the Paris Agreement. On the other hand, despite contributing significantly to the GDP, these industries suffer from operational inefficiency, exacerbated by the use of outdated machinery and ineffective energy management.