VAT and customs officers have been allegedly harassing garment exporters and imposing extraordinary fines because they don’t have the necessary paperwork, as reported by an exporter. According to Mohammad Hatem, executive president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), VAT and customs officers are charging fines of up to 400 per cent. He […] The post RMG exporters allegedly pestered by tax officials appeared first on Apparel Resources ..read more

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) stated that it is keen to improve trade ties with France on a bilateral basis. The country’s premier commerce association also asked France for assistance in advancing technologies and developing skills. According to a news statement, FBCCI is also excited to work with its French […] The post FBCCI keen to deepen ties with France in trade, skill development appeared first on Apparel Resources ..read more

Entrepreneurs emphasised that while applying tariffs to imported goods, they must adhere to Bangladesh’s tariff policy. Role of Bangladesh Trade and Tariff Commission in protecting interests of local industries was the seminar title at which they brought up the matter. The Chittagong Chamber of Commerce and Industry (CCCI) hosted the event at the port city’s World […] The post Rationalise tariffs to safeguard local industry, say entrepreneurs appeared first on Apparel Resources ..read more

Dipok Ghosh of Eurofins Modern Testing Services has been elevated to the position of Managing Director. After serving as General Manager of Eurofins Modern Testing Services for nine years, he was promoted to this position. Dipok has been employed in various jobs by many MNCs in this testing services provider company. His astute leadership, skills, […] The post Eurofins MTS Promotes Dipok Ghosh to Country Managing Director appeared first on Apparel Resources ..read more

During the current financial year, Apex Footwear Ltd., recorded a 29 per cent year-over-year increase in earnings to Taka 1.63 crore for the January-March quarter. In the same third quarter of 2022–2023, the biggest producer and exporter of leather footwear generated a profit of Taka 1.26 crore. According to the unaudited financial statement, the footwear […] The post Q3 sales propel Apex Footwear’s profit up 29 per cent appeared first on Apparel Resources ..read more

A91 Partners, a venture capital firm, is expected to invest about US $ 50 million in Rare Rabbit, a premium menswear business that has been active for nine years, with a valuation of about US $ 330 million. At this point in the talks, which are advanced, the venture company would acquire a fifteen percent […] The post Rare Rabbit set to get US $ 50 million funding from A91 Partners appeared first on Apparel Resources ..read more

Over the past three years, there has been a 25 per cent increase in sales of men’s traditional wedding apparel, which includes sherwanis, said a report from Technopak. The wedding-wear market is becoming more competitive as a result of the growing demand, and established firms like Raymond, Aditya Birla Fashion, and Vedant Fashions are growing […] The post Traditional men’s wedding wear demand surges appeared first on Apparel Resources ..read more

The production of Bisht, a traditional Middle Eastern garment worn by kings and rulers, is a unique sector that is thriving in Bogura. This unusual industry has been changing people’s lives and providing both employees and business owners with profitable chances. Three manufacturers founded in the Hapunia district of Bogura Sadar by the “Probash” (“expatriate”) […] The post Unique manufacturing sector thrives in Bogura appeared first on Apparel Resources ..read more

BEPZA Economic Zones, situated in Mirsarai, Chattogram, and the Export Processing Zones (EPZs) of Bangladesh have extended an invitation to South Korean investors to increase their investment. BEPZA Executive Chairman Major General Abul Kalam Md. Ziaur Rahman made this request as the keynote speaker at a seminar titled Investment Opportunities in the Export Processing Zones […] The post BEPZA seeks greater South Korean investment in EPZs, BEPZA EZ appeared first on Apparel Resources ..read more

With the opening of a new Zara location, Inditex has returned to the Venezuelan retail market. After a three-year break and several store closures, this move—achieved through a franchise deal with local partner Grupo Futura—signifies a strong vote of confidence in the nation’s retail sector. The Spanish fast-fashion behemoth, which had previously run several Pull […] The post Inditex strengthens South American market with Zara store in Venezuela appeared first on Apparel Resources ..read more