Home / Knowledge / News / Apparel/Garments / Bangla RMG makers ask buyers to increase product prices

Bangla RMG makers ask buyers to increase product prices

09
May '19
Bangla RMG makers ask buyers to increase product prices
Bangladesh readymade garment (RMG) exporters recently called on buyers and retailers to ensure a sustainable RMG sector by raising product prices. They also demanded a 5 per cent cash incentive for the sector for three years, saying the industry experiences huge pressure of wage hike, energy price rise, remediation cost and low prices of products.

The demand was made at a meeting on sustainability of the RMG sector in the country organised by the Dhaka Chamber of Commerce and Industry.

Despite having a decent number of green factories, the country is not getting decent prices for its products, said Rubana Huq, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). The sector is yet to gain maturity in price negotiation, she said.

Commerce minister Tipu Munshi said energy prices, cost of port and infrastructural weaknesses are reducing the competitive edge of the RMG sector, which needs some incentives and support for a certain period.

Munshi said a free trade agreement with Sri Lanka may be signed within a month. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

World Bank offers Sh1.2b to boost Kenya's cotton sector

Textiles | On 26th May 2019

World Bank offers Sh1.2b to boost Kenya's cotton sector

Kenya's Kisumu National Polytechnic has received Sh1.2 billion...

Textile industry park in Mandalay with JICA assistance

Textiles | On 26th May 2019

Textile industry park in Mandalay with JICA assistance

A textile industry park will be set up in Mandalay city with...

Pic: European Commission

Apparel/Garments | On 26th May 2019

Manifesto for circularity in global fashion launched

Realising the limitations of the linear model in fashion, five...

Interviews View All

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search