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SS Fashion Wear Ltd shake hand with TDS Soft Link for RMG Defenders ERP

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RMG Bangladesh
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Md. Abdul Jalil, CEO of TDS Soft Link, expressed his enthusiasm, saying, “We are thrilled to be partnering with SS Fashion Wear Ltd to bring about transformative changes in the RMG industry. The RMG DEFENDERS ERP system is poised to be a game-changer, and we are committed to providing our unwavering support for its successful implementation.”

Mohammed Shahjahan Liton, Managing Director of SS Fashion Wear Ltd, stated, “This collaboration with TDS Soft Link represents a new era for our company. We are confident that the RMG DEFENDERS ERP will empower us to reach new heights of efficiency and innovation. This is a milestone moment for SS Fashion Wear Ltd.”

With an atmosphere of anticipation and excitement, the representatives of both companies gathered around the signing table. As pens met paper, the official documents were signed, symbolizing the commitment of SS Fashion Wear Ltd to embrace technology for the betterment of their operations. The moment was marked by applause and smiles, signifying the beginning of a fruitful partnership.

The signing ceremony between TDS Soft Link and SS Fashion Wear Ltd was a moment of promise, innovation, and collaboration.

The implementation of the RMG DEFENDERS ERP system will undoubtedly position SS Fashion Wear Ltd as a pioneer in the RMG industry.

For inquiries and further information about this partnership or the RMG DEFENDERS ERP system, please contact, +8801755563169, 01755563174, Furthermore, Visit us at www.tdssoftlink.com

RMG export to EU reaches $5.51bn in 1st quarter

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RMG Bangladesh
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Country’s export earnings from RMG in the European Union market during the first quarter (July-September) period of the current fiscal year (FY24) reached $5.51 billion with 11.47 percent growth compared to the same period of the previous fiscal year (FY23).

As per the latest statistics of the Export Promotion Bureau (EPB), country’s RMG export to Spain, France, Netherlands and Italy showed 23.26 percent, 8.67 percent, 18.97 percent and 23.22 percent growth respectively.

On the other hand, Germany, the largest export market in the EU, declined by 4.41 percent with an amount of $1.45 billion compared to the July-September period of the previous fiscal year (FY23).

During this three-month period, RMG export to USA stood at $2.07 billion with 2.77 percent year on year growth. At the same time, export to UK and Canada reached $1.45 billion and $352.86 million, with 21.35 percent and 5.44 percent growth respectively.

During this July-September period of the current fiscal year, the apparel export to non-traditional markets grew by 24.93 percent to $2.24 billion from $1.80 billion in the corresponding period of the previous year.

Among the major non-traditional markets, export to Japan, Australia and South Korea increased by 39.44 percent, 54.11 percent and 37.01 percent respectively.

However, apparel export to India during this three-month period declined by 7.69 percent.

BGMEA Director Mohiuddin Rubel, also the Additional Managing Director, Denim Expert Limited, said that although there was increase in the export earnings from RMG during this period, but the number of orders has dropped side by side the production cost coupled with the utility bills have increased.

He said that there is no alternative to raising the orders to have a successful turnaround of the RMG sector amid the global uncertainties.

Noting that the country’s RMG sector has now become more compliant having enough technological support and skilled manpower, Rubel expressed his optimism that this apparel sector would fare better in the coming days.

Referring to the performances of the RMG items in the non-traditional market, he said that the exporters are being encouraged to raise their exports in the non-traditional market to increase the overall export earnings.

The BGMEA director also stressed the need for keeping up the growth momentum in the USA and UK market as well as attaining positive growth again from the apparel markets of Germany and India.

BGMEA appeals to NBR for backing in upholding RMG global competitiveness amid challenges

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RMG Bangladesh
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The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) underscores the crucial role of the National Board of Revenue (NBR) in achieving the Sustainability Strategic Vision 2030 for the country’s ready-made garment (RMG) industry, as per UNB reports.

This vision focuses on bolstering the RMG sector’s competitiveness while concurrently fostering sustainable growth.

Faruque Hassan, president of BGMEA, emphasized this during a recent meeting with NBR Chairman Abu Hena Md Rahmatul Muneem at the NBR office in Dhaka on Wednesday.

The meeting aimed to discuss the current state of the RMG industry, global trade trends, and their impact on Bangladesh’s economy.

Hassan stressed the significance of NBR’s support and cooperation in realizing this vision. He highlighted that streamlined and expedited business procedures and services are essential to maintain the RMG industry’s global competitiveness.

The fashion industry’s evolving dynamics, including the demand for shorter lead times in high-end garments, necessitate the need for prompt and hassle-free services to sustain the RMG industry’s global position.

President Faruque Hassan further emphasized that NBR’s vital support is required to retain the RMG sector’s export competitiveness and growth momentum, particularly in the post-Least Developed Country (LDC) era.

The LDC graduation introduces new opportunities and challenges, including changes in the tariff regime, requiring strategic measures to preserve the industry’s competitiveness in the post-LDC period.

In parallel, BGMEA President Faruque Hassan held discussions with Md. Masud Sadiq, member (Customs: Policy and ICT), NBR, to address the challenges faced by RMG exporters, particularly those related to customs, bonds, and taxes. BGMEA seeks cooperation from NBR to resolve these issues.

In a separate meeting on the same day, a delegation led by Vice President Shahidullah Azim from BGMEA met with Hossain Ahmed, member (Customs: Export, Bond, and IT) at NBR.

The discussions centred on the current state of the RMG industry, its export targets, and the need for policy support to align with the evolving business landscape.

The delegation urged NBR to streamline customs, bond, and tax procedures to enhance the industry’s competitiveness.

RMG exports to EU up 11.47pc in July-September of FY24

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RMG Bangladesh
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As per the latest statistics of the Export Promotion Bureau (EPB), readymade garment export to the European Union reached US$ 5.51 billion during July-September of FY24, 11.47% up compared to the same period of the previous fiscal year.

“Our exports to Spain, France, Netherlands and Italy showed 23.26%, 8.67%, 18.97% and 23.22% growth respectively. On the other hand, export to Germany, the largest export market in the EU, declined by 4.41% with an amount of US$ 1.45 billion compared to the July-September  FY23, said a press release sent by Mohiuddin Rubel, director at BGMEA.

“Our RMG export to the USA stood US$ 2.07 billion in the first three months of FY 2023-24 with 2.77 % growth. At the same time, exports to the UK and Canada reached US$ 1.45 billion and US$ 352.86 million, with 21.35 % and 5.44% growth respectively,” he said.

During July-September, of FY24, apparel export to non-traditional markets grew by 24.93% to US$ 2.24 billion from US$ 1.80 billion in the corresponding period of previous year, said the BGMEA director.

Among the major non-traditional markets, exports to Japan, Australia and South Korea increased by 39.44%, 54.11% and 37.01% respectively but export to India declined by 7.69%, he added.

Sportking and BGMEA discuss potential collaboration in apparel sector

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RMG Bangladesh
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Prominent Indian textile conglomerate Sportking Managing Director Munish Avasthi held a meeting with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan at BGMEA Complex in Dhaka on Thursday, reports UNB.

The meeting was also attended by Rashim Jindal, President (Marketing and Raw Materials) at Sportking.

The meeting revolved around various matters of mutual interest, with a special focus on fostering collaboration within the textile and apparel sector.

They discussed potential collaboration in meeting the growing demand for high-quality yarn, particularly man-made fiber-based yarn, in Bangladesh to manufacture high-value garments for international buyers.

During the meeting, President Faruque Hassan pointed to the improved regional connectivity between Bangladesh and India, especially the opening of new land ports to boost bilateral trade.

As geographical proximity and improved connectivity significantly reduces lead times and transportation costs, Faruque Hassan underscored the importance of making use of the opportunity by the both sides.

He also emphasized on potential partnerships between Sportking and Bangladeshi manufacturers, aiming to collaboratively produce high-end garments with yarn supplied by Sportking for international buyers.

President Faruque Hassan requested Sportking to encourage their clients to consider sourcing garments from Bangladesh.

Such collaboration would benefit both sides, he added.

BGMEA wants NBR support to sustain RMG industry’s competitiveness

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RMG Bangladesh
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The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) underscored the crucial role of the National Board of Revenue (NBR) in achieving the Sustainability Strategic Vision 2030 for the country’s ready-made garment (RMG) industry.

This vision focuses on bolstering the RMG sector’s competitiveness while concurrently fostering sustainable growth.

Faruque Hassan, president of BGMEA, emphasized this during a recent meeting with NBR Chairman Abu Hena Md Rahmatul Muneem at the NBR office in Dhaka on Wednesday.

The meeting aimed to discuss the current state of the RMG industry, global trade trends, and their impact on Bangladesh’s economy.

Hassan stressed the significance of NBR’s support and cooperation in realizing this vision. He highlighted that streamlined and expedited business procedures and services are essential to maintain the RMG industry’s global competitiveness.

The fashion industry’s evolving dynamics, including the demand for shorter lead times in high-end garments, necessitate the need for prompt and hassle-free services to sustain the RMG industry’s global position.

President Faruque Hassan further emphasized that NBR’s vital support is required to retain the RMG sector’s export competitiveness and growth momentum, particularly in the post-Least Developed Country (LDC) era.

The LDC graduation introduces new opportunities and challenges, including changes in the tariff regime, requiring strategic measures to preserve the industry’s competitiveness in the post-LDC period.

In parallel, BGMEA President Faruque Hassan held discussions with Md Masud Sadiq, member (Customs: Policy and ICT), NBR, to address the challenges faced by RMG exporters, particularly those related to customs, bonds, and taxes. BGMEA seeks cooperation from NBR to resolve these issues.

In a separate meeting on the same day, a delegation led by Vice-President Shahidullah Azim from BGMEA met with Hossain Ahmed, member (Customs: Export, Bond, and IT) at NBR.

The discussions centered on the current state of the RMG industry, its export targets, and the need for policy support to align with the evolving business landscape.

The delegation urged NBR to streamline customs, bond, and tax procedures to enhance the industry’s competitiveness.

RMG exports to USA grows after months of stagnation

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RMG Bangladesh
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Bangladesh exported apparel items worth $11.61 billion in July-September of FY24, an increase of 13.07% from the same period of FY23

The export of the readymade garment (RMG) from Bangladesh witnessed moderate growth to its key destinations in the first three months of the current financial year 2023-24 (FY24), including both traditional and nontraditional markets.

According to the Export Promotion Bureau’s (EPB) country-wise detailed apparel export data, compiled by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh exported apparel items worth $11.61 billion in July-September of FY24, an increase of 13.07%, from $10.27 billion in the same period of FY23.

During this period, Bangladesh exported RMG items worth $2.06 billion to the United States, the largest single export destination for Bangladesh, fetching a slight YoY growth of 2.77%, compared to the $2.01 billion of the mentioned period of FY23.

After experiencing consecutive months of negative growth, exports to the US returned to a positive trajectory starting in July.

However, exports to Germany, the second largest destination for the RMG manufacturers, continued to experience a negative trend as the country was fighting against recession-like economic turbulence and inflation.

Bangladesh sent garments worth $1.45 billion to Germany, reflecting a decline of 4.41% from the $1.51 billion recorded in July-September of FY23.

In the July-September period of FY24, registering a smart YoY growth of 21.35%, Bangladesh exported apparel goods worth $1.44 billion to the UK, the third highest destination for the country’s RMG products, up from last year’s $1.19 billion, EPB data stated. 

The apparel export to the other major destinations such as Spain, France, Netherlands, Italy and Poland also registered positive growth by 23.26% to $1.03 billion, by 8.67% to $626.50 million, by 18.97% to $501.60 million, by 23.22% to $455.77 million and by 34.25% to $394.47 million respectively. 

During this period, the apparel export to the overall EU market soared by 11.47% to $5.5 billion from $4.94 billion in the same period of last fiscal year. 

During July-September of FY2023-24, exports to Canada reached $352.86 million by fetching a YoY growth of 5.44% from $334.65 million in the mentioned period of the last FY, EPB data showed.

In the context of Bangladesh’s key export destinations, Japan, Australia, Russia, India, China, South Korea, UAE, Malaysia, Brazil, Mexico and some other countries are known as non-traditional markets.

The apparel export to the non-traditional markets reached $2.24 billion with 24.93% year-over-year growth, from $1.79 billion in the last FY.

Among the major destinations of the non-traditional markets, exports to Japan reached $446.78 million, with a YoY growth of 39.44% from $320.40 million in the last fiscal year.

Although India emerged as a potential nontraditional market, the export earnings from India witnessed a downward trend since the first month of FY24. 

From India, Bangladesh bagged $282.82 million in the July-September period of FY24, registering a negative growth of 7.69% from $1306.39 million in the last fiscal year. 

Among the major destinations of the non-traditional markets, exports to Australia, South Korea, and Mexico increased by 54.11% to $344.77 million, by 37.01% to $179.61 million, and by 2.08% to $86.75 million, respectively, said the EPB data.

Talking to Dhaka Tribune, Mohiuddin Rubel, director of the BGMEA, said that the exports to nontraditional markets are growing and giving them a backup in the current situation. 

“Our manufacturers are focusing on new markets and producing diversified products which help us to maintain consistency despite the current global situation,” he added.

He also said that the exports to India have decreased which is of concern and they should focus on the reasons.

Though the exports have increased in terms of value, the costs have increased for raw materials, production and transportation, exports increased in value but not in volume.

“We have to work to increase the order. Still, there is a stagnation in the market with low demand.  If the global situation changes, then the market will turn around, and we will be better than everyone because we are ahead in all aspects of safety, infrastructure and buyers have confidence in us,” he added.

Board seeks another three months to propose minimum RMG wage

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RMG Bangladesh
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However, labour representatives alleged that the delay was just a “trick” by the factory owners, depriving the workers of their increased wages

The board formed to recommend the minimum wages for the ready-made garment workers has appealed for three months’ time as it failed to prepare the wage proposal in the stipulated period of six months. 

The board has meanwhile written to the labour and employment ministry asking for the extension.

RMG workers at a factory. File Photo: Mumit M/TBS

“We sent the letter to the ministry on Wednesday, 11 October, seeking three more months,” Raisha Afroz, secretary of the minimum wages board, told The Business Standard yesterday.

However, labour representatives alleged that the delay was just a “trick” by the factory owners, depriving the workers of their increased wages.

The minimum wage board for RMG workers was formed on 9 April. Since then, it has held only three meetings where neither any representatives from the labour side nor from the owners’ side have submitted any wage proposal.

The failure to recommend the salary structure at the stipulated time is now triggering fresh concerns among workers that it could be delayed further. 

Joly Talukder, vice president of the Garment Workers’ Trade Union Centre, told TBS, “Delaying wage declarations is a trick by the owners, depriving the workers of their rightful payments.”

“If it continues like this, there is a possibility of labour unrest,” she feared. 

However, citing labour rules, Raisha Afroz said that there are measures in the case of time extension.

Currently, the minimum wage for garment workers is Tk8,000 per month. 

Prof Mustafizur Rahman, distinguished fellow of the Centre for Policy Dialogue, thinks that the real income of workers has decreased due to the soaring inflation in the country for the last two years.

“During this time, workers’ income and inflation both has increased at the same rate. As a result, the real income of workers has decreased.”

Arguing against the wage proposal, a factory owner representative on the minimum wage board, Siddiqur Rahman, told TBS, “The market must be observed. The condition of the international market is not good. There is no work in some factories.”

He said that he would propose the wages this month.

The labour unions, however, have been demanding to increase the minimum wage to Tk23,000-Tk25,000 considering the current inflation situation.

IndustriALL Bangladesh bashes CPD for proposing Tk17,568 minimum wage for RMG workers

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RMG Bangladesh
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“Such a proposal from the CPD goes highly against the interest of the RMG workers and will support the owners,” the IBC said in a press statement

IndustriALL Bangladesh Council (IBC), one of the largest platforms of labour organisations in the country with strong presence in the readymade garment sector, has criticised the Center for Policy Dialogue for proposing Tk17,568 as minimum wage for garment workers.

“Such a proposal from the CPD goes highly against the interest of the RMG workers and will support the owners. Such proposals will bolster the attempt by the garment owners to squash the demands of labourers,” IBC said  in a press statement on Monday (9 October).

Worker at a garment factory in Bangladesh. File Photo: Mumit M

“The CPD proposal is unexpected, irrational and out of [their] purview,” said the statement signed by IBC President Amirul Haque Amin and General Secretary Kutubuddin Ahmed.

At present, RMG workers get Tk8,000 as minimum wage.

IBC, an affiliate organisation of global union federation IndustriALL Global Union, said the CPD held no discussion with the IBC, or the country’s RMG labour organisations before making their recommendation on Sunday (8 October).

“The IBC, representing 19 labour federations of the country, proposes Tk23,000 to be the minimum wage, which is logical and backed by data,” the organisation said in the press statement.

The IBC proposal has also been echoed by the National Garment Alliance, the statement added.

IBC called on the CPD to withdraw their recommendation and suggest Tk23,000 as minimum wage for RMG workers. 

CPD made its recommendation for the minimum wage on Sunday considering inflation and the living cost of four-member families.

BGMEA seeks NBR’s support in maintaining RMG industry’s competitiveness

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RMG Bangladesh
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The support and cooperation of the National Board of Revenue (NBR) will remain vital for the readymade garment industry of Bangladesh in realizing its Sustainability Strategic Vision 2030.

This vision aims at enhancing the competitiveness of the RMG industry while simultaneously fostering sustainable growth.

Faruque Hassan, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), made the observations during a meeting with NBR Chairman Abu Hena Md Rahmatul Muneem held at NBR office in Dhaka today, said a press release.

Md. Munir Hoosain, Vice President of FBCCI and former Director of BGMEA, was also present at the meeting.

They discussed the present situation of the RMG industry, global trade trends, impacts on Bangladesh’s economy and the industry.

In the meeting, BGMEA President Faruque Hassan underlined the importance of NBR’s support and cooperation in the pursuit of this vision.

 Simplified and faster business procedures and services are imperative to maintain the industry’s global competitiveness, he noted.

Faruque pointed out the changing trends of the fashion industry where shorter lead times for product deliveries are required, particularly for high-end garments.

In the face of these challenges, he stressed the urgency of NBR providing faster and hassle-free services to ensure the RMG industry remains competitive on the world stage.

The BGMEA president further emphasized that NBR’s necessary support is essential for the RMG industry to maintain its export competitiveness and growth momentum, particularly in the post-Least Developed Country (LDC) era.

The LDC graduation brings with it a new set of realities for Bangladesh, with both opportunities and challenges, particularly in the context of changes in the tariff regime.

Bangladesh must take strategic steps to retain the industry’s competitiveness in this post-LDC period, he added.

The BGMEA President also met with Md. Masud Sadiq, Member (Customs: Policy and ICT), NBR, to discuss the current challenges faced by RMG exporters.

The discussion encompassed the existing issues related to customs, bonds, and taxes, with the BGMEA President seeking cooperation from NBR to resolve these problems.

In a separate meeting on the same day, another delegation led by Vice President Shahidullah Azim from BGMEA met with Hossain Ahmed, Member (Customs: Export, Bond and IT) at NBR.

The meeting was also attended by BGMEA Director Asif Ashraf. The discussions centered on the current state of the RMG industry, its export target and performance, and the need for policy support to align with the evolving business landscape.

The delegation urged NBR to streamline customs, bond, and tax procedures to enhance the industry’s competitiveness.

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