by Millionaires | Jul 25, 2020 | Industry And Cluster, News & Insights
ISLAMABAD: The government has evolved a strategy to encourage import of raw jute, mainly from Bangladesh to promote exports of jute-based processed products from the country. The jute industry was developed in the early 1970’s but its demand fell over the years...
by Millionaires | Jul 17, 2020 | Industry And Cluster, News & Insights
India’s state-run Cotton Corp plans to export cotton stocks to Bangladesh that were procured in marketing years 2019-20 (Oct-Sep). Nonetheless, the quantity of exports will be agreed on according to mutual agreement. India has a logistical advantage in...
by Millionaires | Jul 14, 2020 | Industry And Cluster, News & Insights
Four projects aimed at earning self-sufficiency in jute seed production in the past 26 years have fallen flat raising the country’s dependence on India for the seeds to its peak, officials said. Of the projects, the six-year-long HYV Jute and Jute Seed Production and...
by Millionaires | Jul 6, 2020 | Industry And Cluster, News & Insights
Farmers are set to start harvesting jute by the end of this month and for the first time since Bangladesh’s independence, none of the natural fibre will be bought by the world’s largest state-owned jute goods maker and exporter, the Bangladesh Jute...
by Millionaires | Jul 6, 2020 | Industry And Cluster, News & Insights
Bangladesh is the largest importer of cotton in the world. The US$8 billion primary textile sector is moving away from importing Indian cotton. Last year, 41% of imported cotton came from East and West African countries. The African cotton is better in...
by Millionaires | Jun 30, 2020 | Industry And Cluster, News & Insights
“Bangladesh recently decided to close all 22 state-run jute mills and lay off 24,886 workers. The step is the result of heavy losses incurred by the Bangladesh Jute Mills Corporation (BJMC)”, textiles and jute minister Golam Dastagir Gazi said at a...
by TEXTILE VALUE CHAIN | May 29, 2020 | Apparel, Fashion & Retail, Fashion, News & Insights
With COVID-19 reshaping the entire world; earlier theories like learning about customers, competitors and market conditions may not fit into tomorrow’s rapidly changing business environment. The same is true about the readymade garment sector in Bangladesh which...
