03 March 2023, Mumbai

That sounds like a wonderful way to commemorate this historic month.

Libraries are an excellent way to promote education and learning, and naming them after a respected figure like Prof. Dr. Mazharul Islam is a fitting tribute.

In 2022, Bangladesh has set a new milestone of USD 45.70 billion RMG export. As per BGMEA analysis, Bangladesh’s RMG export has increased by 27.64% in 2022 compared to 2021.

It's important to remember and honor the contributions of those who have paved the way for its nation's progress and development.

March certainly holds a special place in the hearts of Bangladeshis, as it represents the resilience, courage, and determination of our people in the face of adversity.

It's a time to reflect on its past struggles, celebrate its present achievements, and look forward to a brighter future.

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31 January 2023, Mumbai

Texworld Evolution Paris will open its doors from 6 to 8 February 2023 at the Paris-Le Bourget Exhibition Centre.

Texworld Evolution Paris, the upcoming fashion industry trade show, will have 750 exhibitors from 20+ countries, focusing on global sourcing for fashion brands. The show will host 460 textile exhibitors, including 220 Chinese companies, and 270 finished product exhibitors, including 210 Chinese manufacturers.

In total, 40 African companies will be present, a sign of the growing importance of this sourcing zone. African presence will also be strengthened with 40 companies from Ethiopia and Senegal. The show is expected to provide a unique perspective on the new balance of international sourcing zones after the COVID crisis and the return of Chinese exhibitors.

An event that confirms the recovery of the textile and clothing (T&A) market.

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23 January 2023, Mumbai

The platform is designed to connect and facilitate support of textile supply chains broadly from India and other geographies. Promises to generate in effect opportunities to increase Bangladesh’s RMG exports to India.

BGMEA President Faruque Hassan and Sowtex Network earlier inked the MoU.

For the two associates SOWTEX -BGMEA it is a work in progress arranging joint roadshows in Indian textile clusters along with other textile associations with BGMEA's leading members and prominent Indian supply chains/raw materials manufacturers, particularly in the area of Man-Made Fibers.

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27 February 2023, Mumbai

EU apparel imports trade data
EU's apparel imports pie quick breakdown from a bunch of countries such as Bangladesh, China, Turkey, India, Cambodia, Vietnam, Pakistan, Morocco, Sri Lanka, and Indonesia.

Heartening to notice that notwithstanding the cloudy global economic outlook and fears of recessionary concerns around the EU, the EU's imports of apparel have only risen from a range of countries during the period of January-November 2022.

Only corroborating what today's ET report mentions quoting the IMF chief rather optimistically," In the larger context world has started to see economy showing palpable signs of global growth having bottomed out against the backdrop of inflation having come off the boil which bodes well".
Amongst the key findings is Bangladesh's apparel exports to the EU have clocked considerable growth traction of 38.39% Vs the corresponding period in 2021, as Bangladesh continues to consolidate its global position as a sourcing destination for the EU.

Little wonder, China remains the largest apparel supplier to the EU, well followed by Bangladesh and Turkey. Notably, the EU's imports from India have also risen overwhelmingly, mirroring how India is firming up its potential as a preferred sourcing destination for apparel.

Again, what is noticeable is EU's imports from many other countries have also shown positive growth during the aforementioned period countries as Cambodia, Vietnam, Pakistan, Morocco, Sri Lanka, Indonesia, etc.

Sum and substance
Not going away the fact that prevailing concerns about inflation and geopolitical tensions stay and cannot be resolved in a hurry affecting global consumption and discretionary spending and impacting the clothing market, and leaves sectors to fend for themselves in how respective sectors take it in their stride & respond to these challenges moving ahead.

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30 January 2023, Mumbai

The Sustainable Apparel Coalition (SAC) has partnered with the Bangladesh Apparel Exchange (BAE) for the 4th edition of the Sustainable Apparel Forum, taking place on March 15-16, 2023. The forum will focus on 5 key areas of the apparel and textile supply chain: circular economy, climate impact, renewable energy, skill development, and green job prospects.

Delegates from garment manufacturers, brands, government officials, and impact organizations will be in attendance.

The first day will be for roundtable discussions, while the second day will feature panel discussions, keynote speeches, and strategic guidelines from industry leaders. Vidhura Rapanawe, Andrew Martin, and Joyce Tsoi from the SAC will participate in a discussion on decarbonization. The SAC and BAE previously partnered in 2019 and aim to find deeper collaborations in the industry to promote sustainability and responsibility.

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19 January 2023, Mumbai

Istanbul Fashion Connection: The third edition 

Dated 8-11 February.

The Core Istanbul shows the latest creations of Istanbul Fashion Week. IFCO Brands offers fashion brands the platform to expand their international customer network and in the IFCO Sourcing area manufacturers give an overview of their production capacities.

Three new exhibition areas expand IFCO's offering. The supporting program includes trend lectures by Accademia de la Moda Milan and WGSN.

Over four days of the fair, more than 600 exhibitors from all fashion segments will present their collections on 45,000 sqm at the Istanbul Expo Center.

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27 January 2023, Mumbai

Given herewith is the export performance of the top 60 RMG/apparel products in 6 digit HS-code level for the past 3 years with a comparative analysis to understand the position and performance of Bangladesh compared to the whole world.

BGMEA analysis puts it like this, the top exportable apparel items of Bangladesh in 2022 were cotton t-shirts, men's or boys' cotton woven trousers, women's or girl’s cotton woven trousers, cotton jerseys & pullovers, MMF jerseys & pullovers, men's or boys cotton woven shirts, w/g cotton knitted trousers, men or boys synthetic woven trousers, men or boys cotton knitted shirts, and men or boys cotton knitted trouser.

In aggregate, the share of these 10 items in the total apparel export earnings of Bangladesh was 67.70% in 2022. In 2020 export earnings from these 10 items were 18.70 billion which rose to 24.49 billion dollars in 2021.

In 2022, it further increased by 26.36% compared to 2021 and reached 30.94 billion dollars. At the same time, the global import of these items was 43.19 billion dollars in 2021 of which the share Bangladesh was 8.29%.

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09 January 2023, Mumbai

The share of RMG in total export of Bangladesh has gone up to 83.57% in 2022 which was 80.98% in 2021.

The export earnings from other textiles and related items such as headgear, cotton products, specialized textiles, silk, and wool & woolen products also increased.

In 2022, Bangladesh has set a new milestone of USD 45.70 billion RMG export. As per our analysis, Bangladesh’s RMG export has increased by 27.64% in 2022 compared to 2021.

Looking back over the past five years, RMG export in 2018 was USD 32.92 billion, which increased to USD 33.07 billion in 2019. COVID hit the industry in 2020, and export came down to USD 27.48 billion.  But in 2021, export regained the previous phase and reached USD 35.81 billion. From there we crossed USD 45 billion in 2022.

These are remarkable achievements, however, there are some challenges and struggles as well.

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16 February 2023, Mumbai

We are sharing herewith the US-based agency Office of Textile and Apparels (OTEXA)'s US apparel import data released recently. The report mentions that the USA imported an accumulated apparel/garments worth 9.74 billion dollars of clothing from Bangladesh apparel exporters in the year 2022 as a proof of concept. 
What is particularly noticable to observe is that Bangladesh's apparel industry has clocked the maximum growth rate amongst the competing nations for the top slot and thus notched up the honor of being a top-most exporter of denimwear to the US market.
As per BGMEA spokesperson," As a word of caution, it is vital to note that the sense of complacency to your peril, given the impending slowdown in the US retail market, been witnessed through recent months has already led to shrinking global imports, and no surprise Bangladesh's merchant exports to the US market have also shown some decline in the remainder last two months of November and December 2022.
It will be essential to keep a close tab on the emerging market trends and chart out appropriate strategies enabling sustained growth in the US market in the coming months & seasons".

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24 January 2023, Mumbai

MAS Amity Pte. Ltd., a subsidiary of MAS Holdings x Tata Group’s Trent Ltd, India signed a Joint Venture (JV) Agreement on the 20 th of January 2023.

The joint venture (JV) to begin with would facilitate the design and sourcing of related products and, through the period would synergize/pool their domain expertise to undertake the design, development, and production of a variety of ladies' intimate wear/innerwear and other apparel/garment articles.

Desamanya Mahesh Amalean, Chairman, MAS Holdings (Pvt) Ltd. on this occasion mentioned that “The significance of our partnership with Tata lies in our shared sense of values and an appreciation of the enormous business opportunities that the Indian market affords".

Also, Noel N Tata, Chairman, of Trent Limited confidently alluded, “We see significant opportunities to leverage the growing reach of our brands to build a differentiated proposition in lingerie, activewear, and related categories".

Westside stores

It has a retail Pan-India footprint of typically between 18,000 - 34,000 sq. ft. across in excess of 127 cities.

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07 January 2023, Mumbai

Bangladesh is gearing/bracing up on its promise of producing responsible and ethical manufacturing putting a lot of thrust on producing green products; practices like handling fashion waste etc. amongst many others.

Commenting on this theme recently Salman F Rahman, private industry executive and investment adviser to Prime Minister Sheikh Hasina, in a speech at Made in Bangladesh Week Nov. 2022 asserting categorically he states that, "We will do whatever policy is required to make Bangladesh the world hub for recycling.

At the industry level, it is a matter of serious deliberation on an on-going basis and, the topic/subject of fashion waste & the circular economy come up repeatedly as the world faces a severe climate change effect more predominantly than ever before".

The country is second only to China in the entire world in apparel exports legitimately sporting $42.21 billion fetching its nation's most-valued record FOREX.

This heralded a new age in the annals of its apparel industry ushering in an all-new resolute and resilient apparel manufacturing eco-system. As today's conscious discernible consumer raises a lot of concerns/worries related to protecting the environment and buying products causing material environmental impact.

What is credible is sustainably the Bangladeshi garment manufacturers are endeavoring/trying to do things in ways that could save manufacturers money and bring much-needed foreign exchange to the country which is so heavily dependent on this sector.

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