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Related Keywords: 17th year under partnership, active supporter, another two years, as preferred and sole supplier, Bangladesh textile industry, chemicals, dying auxilliaries, extended partnership and collaboration agreement, Huntsman Textile Effects, industry leading dyes, trusted and preferred supplier, Viyellatex Group, Viyellatex Group continue to use Huntsman

Huntsman Textile Effects has been in its 17th year under partnership as a trusted and preferred supplier for the Viyellatex Group has further extended partnership and collaboration agreement with Viyellatex Group for another two years. The agreement will see the Viyellatex Group continuing to use Huntsman as its preferred and sole supplier for industry leading dyes, chemicals and dying auxiliaries.

Related Keywords: Bangladesh textile industry, emphasizing on the development, First African Asian Cotton B2B Meeting event, IDB Group, ITFC, member of the Islamic Development Bank, organized in Bangladesh by the International Islamic Trade Financing Corporation, part of Cotton Development and Partnership programme

First African-Asian Cotton B2B Meeting event as part of Cotton Development and Partnership programme being organized in Bangladesh by the International Islamic Trade Financing Corporation (ITFC), member of the Islamic Development Bank (IDB) Group emphasizing on the development of the Bangladesh textile industry.

Bangladesh textile industry is the source of employment and export earnings for its economy. Currently, Bangladesh is the largest cotton importing country in the world.

Related Keywords: Bangladesh textile industry, Bangladeshi garment factories, International Finance Corporation, member of the World Bank Group, one of the highest water consuming countries, provides water saving technologies, textile companies started adopting water saving technologies, under its Partnership for Cleaner Textile (PaCT) programme, washing and dyeing fabrics

Bangladesh textile industry is one of the highest water consuming countries for washing and dyeing fabrics. Bangladesh's textile mills consume 1,500 billion litres of groundwater a year for washing and dyeing fabrics, according to a report published recently by Partners for Water Programme of the Netherlands in cooperation with the Bangladesh government. Hence, the textile companies have started adopting water saving technologies.

Related Keywords: Bangladesh textile industry, China’s textile market, environmental compliances, FTA with EU, incentives scheme for the textile sector, international textile trade, Ministry of Commerce, Ministry of Textiles, tax benefits for textile exports, textile leaders, textile policy of India, textile sector of India, textile special packages

Ministry of Textiles is continually communicating with the Ministry of Commerce to facilitate FTA with EU to boost the international trade, especially in the textile sector, said Rashmi Verma, Secretary, Ministry of Textiles, Government of India.

Related Keywords: attributed to Bangladesh growing apparel industry, Bangladesh textile industry, enhance productivity levels, export revenue, fastest growing economies in the world, global demand for cheap clothing, growing demand for cheap clothing, rising rapidly, setting new record for South Asian country, surged toward end of the year

Bangladesh amid growing demand for cheap clothing and the rest of the Asia disappointed in terms of export revenue in 2014, there was one surprising anomaly to the pattern – Bangladesh’s textile industry surged towards the end of 2015.

Bangladeshi export earnings levitated to $3.2bn last December, thereby setting a new record for the South Asian country. This phenomenal success can be attributed to Bangladesh’s growing apparel industry, which accounted for over 83 percent of December’s figures.

Related Keywords: Bangladesh textile industry, BCA, BTMA, buyer and suppliers, cheap and competitive rate, cotton prices, dependent on import fibres, enhance relations, export oriented readymade garment factory, Global cotton summit Bangladesh, make rules industry friendly, produce little quantity of cotton, require huge amount, spinning mills

Bangladesh textile industry is dependent on import of fibres from foreign countries, thus the government need to take steps for making the rules industry-friendly, said Jahangir Alamin, former president of Bangladesh Textiles Mills Association (BTMA) addressing a session titled “Bangladesh Spinning Industry in Next Decade” at the Global Cotton Summit Bangladesh-2015 that began in the capital to enhance relations between buyers and suppliers of the product.

Related Keywords: ASEm summit, Bangladesh textile industry, Expo Milan, importer of Italian textile machinery, Italian textile firms, relocating their production

Bangladesh is the seventh largest importer of Italian textile machinery. Italy is home to the second-largest Bangladeshi community in Europe, which numbers nearly 128,000 people. Their remittances are an important source of foreign revenue for Bangladesh.

In addition, there is increasing awareness of the unexploited opportunities in other sectors of Bangladesh's economy, like those related to a sustainable urbanization process, renewable energies and food processing, food security and sustainable development in agriculture.

Related Keywords: American clothing brands, Bangladesh textile industry, expansion project, growing demand, Hamid Fabrics, Mahin Group, manufacture and export textile fabric, production capacity, set up, yarn dyeing unit

Hamid Fabrics, a concern of Mahin Group, one of the most reliable players in Bangladesh textile industry, its core activity is to manufacture and export textile fabrics. To meet the growing demand the company plans to set up a yarn dyeing unit with a capacity of producing 15 tonnes of dye a day. The expansion project will involve investment to the tune of Tk70 crore.

The company will buy 50 Air Jet loom machine to set up the unit that will start production in the third quarter of 2015.

Related Keywords: Asif Moyeen, Bangladesh textile industry, City Bank, Compact Yarn Manufacturing, Far East Spinning Industries Ltd, high quality yarn, IDLC Finance, readymade garments

The new venture, Far East Spinning Industries Ltd, will be the first company that will completely manufacture compact yarn in Bangladesh. As the company will be setting up a compact cotton yarn manufacturing plant on 40 bighas of land in Habiganj in the next one and a half years which will involve investment of the tune of approximate Tk150 crore.

Far East Spinning Industries, whose paid-up capital stands at Tk 45 crore, is sourcing finance through a syndicated loan of around Tk 100 crore from IDLC Finance and The City Bank.

Related Keywords: Bangladesh textile industry, Bangladeshi exporter, fast track process, Intertek, product certification, testing laboratory

Intertek, the world's biggest tester of consumer goods with the opening of its modern testing laboratory in Dhaka this June has made the task of obtaining product certification for exporters quicker, cheaper and simpler.
 
The laboratory is set up at a cost of Tk 42 crore on more than one lakh square feet of land that will provide one-stop service to a total of 17 industries including textile and garment, footwear, agro-processed foods, electrical goods and chemicals.