Govt works for economic solvency of commoners: PM | Bangladesh Sangbad Sangstha (BSS)
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পোশাকে ভর করে ইতিবাচক হচ্ছে রপ্তানি খাত | 1039861 | কালের কণ্ঠ
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The investment will help shorten lead times and enhance the range offered by the Bangladesh RMG industry
The Bangladesh clothing industry is looking forward to the completion of five state-of-the-art textile factories at the Korean Export Zone (KEPZ) as an important expansion of local backward linkages.
With a combined floor space of 2 million square feet, the factories – three of which are under construction, and two (producing polyester yarn and fabrics) are already open – will produce manmade fibre (MMF) yarn and finished garments.
They will be owned and operated by the South Korea-based Youngone Corporation, which runs the KEPZ located in the south-eastern port of Chattogram.
25pc garment factories shed jobs despite receiving stimulus: CPD
This is breach of conditions as owners agreed while taking the funds that they won’t lay off workers Star Business Report Star Business Report
Twenty-five per cent of garment factories that received loans from the taxpayer-backed stimulus package retrenched workers in a breach of conditions, according to a study of the Centre for Policy Dialogue (CPD).
The retrenchment indicates that the stimulus package could not guarantee jobs as many factories terminated workers. The factories had agreed that they would not lay off anybody while availing the stimulus fund.
The government has allocated Tk 10,500 crore to the garment industry as the stimulus package to help them pay wages and allowances to their workers since the crisis hit the country in March last year.