As the Bangladesh Economic Zones Authority (BEZA) works to construct 100 economic zones (EZs) to attract foreign direct investment (FDI) in the country by 2030, Bangladesh has extended an invitation to Kuwaiti businesspeople to invest in the EZs. According to a news release, Major General (retd.) Md Ashikuzzaman, the ambassador of Bangladesh to Kuwait, said […] The post Kuwait urged to invest in Bangladesh appeared first on Apparel Resources ..read more

While visiting Mauritius, State Minister for Information and Broadcasting Mohammad Ali Arafat encouraged the country of the Indian Ocean to make investments in Bangladesh’s special economic zone. The call was made by the state minister during a bilateral meeting with Maneesh Gobin, the minister of foreign affairs, regional integration, and international trade for Mauritius, in […] The post Bangladeshi State Minister seeks Mauritius investment in Bangladesh SEZ appeared first on Apparel Resources ..read more

March showed a significant rise over February in the opening and settlement of import Letters of Credit (LCs). A better dollar liquidity situation in the banking sector was the reason given by bankers for this increase. The amount of import LCs that banks opened in March was US $ 6.13 billion, up 17 per cent […] The post Import LC openings, settlements soar in March amid dollar liquidity boost appeared first on Apparel Resources ..read more

The new supply chain rule approved by the European Parliament is expected to strengthen labour and environmental standards at the country’s garment factories in Bangladesh since the world’s largest trading bloc is the destination of over 64 per cent of textile exports. It is anticipated that the Corporate Sustainability Due Diligence Directive (CSDDD), approved by […] The post EU’s new supply chain law to enhance labour standards in Bangladesh appeared first on Apparel Resources ..read more

With the completion of the Bay Terminal project, the Chattogram Port Authority anticipates receiving approximately Taka 88,000 crore in foreign investment, resulting in a six-fold increase in port capacity. This year would see the beginning of construction on six terminals in all, including the container terminals at Matarbari and Laldia. At a press conference held […] The post Chairman says, CPA anticipates Taka 88,000 crore in foreign funds for terminal project appeared first on Apparel Resources ..read more

Avazbek Atakhanov, the Deputy Foreign Minister of the Kyrgyz Republic, has visited Beximco Industrial Park. The Deputy Minister was welcomed at Beximco’s state-of-the-art facilities by Syed Naved Husain, Group Advisor, and Ahmed Shahryar Rahman, President and CEO. The Deputy Minister was impressed by Beximco’s use of cutting-edge technology and environmentally friendly procedures during the visit. […] The post Kyrgyztan Deputy Foreign Minister pays to visit Beximco Industrial Park appeared first on Apparel Resources ..read more

With € 705 million in sales under the Moncler brand and € 113 million under the Stone Island brand in the first three months of 2024, the Moncler Group’s revenues of € 818 million climbed by 16 per cent. While Stone Island brand revenues decreased by 5 per cent cFX, robust double-digit growth in the […] The post Sales at Italy’s Moncler up 16 per cent in first quarter boosted by China appeared first on Apparel Resources ..read more

Despite facing legal action from the US Federal Trade Commission (FTC) over allegations of market dominance, the parent company of luxury fashion brands Coach and Kate Spade, Tapestry, Inc., says it has “full confidence” in its agreement to purchase rival Capri Holdings Limited. In an attempt to thwart the planned transaction, the FTC has authorised […] The post US sues to block Tapestry-Capri merger on monopoly concerns appeared first on Apparel Resources ..read more

New legislation approved by the European Parliament forbids the sale, importation, and exportation of items made in the EU employing forced labour beginning in 2027. The European Commission and member state authorities would have the power to look into any suspected cases of forced labour in supply chains under the new legislation. Investigations into suspected […] The post EU to ban goods made with forced labour from 2027 appeared first on Apparel Resources ..read more

A one-day capacity-building training programme in textile design was held by Pearl Academy and the Central Board of Secondary Education (CBSE) for teachers from CBSE-affiliated schools. The programme, which was held at Pearl Academy’s Rajouri Garden campus in Delhi, gave 65 teachers from Chandigarh and Delhi a thorough platform to hone their craft. Participants learned […] The post CBSE and Pearl Academy collaborate to host capacity building program in textile design appeared first on Apparel Resources ..read more