Bangladesh news and archive

H&M Group and Bestseller to build Bangladesh's first offshore wind project

Fashion titans H&M Group and Bestseller have joined forces with the Global Fashion Agenda (GFA) to develop the first offshore wind project in Bangladesh to help streamline the sector's transition to renewable energy. Pledging to invest up to 100 million US dollars towards this new collaborative effort, announced at COP28 on December 5, the...

BusinessFeatured

H&M to increase unit prices for suppliers in Bangladesh

Swedish fast fashion giant H&M is understood to have told its suppliers in Bangladesh that it would be upping its unit prices following the recently announced minimum wage increase for garment workers in the region. The company reportedly said that it would “absorb the increase in wages” in its product prices, becoming one of the first retailers...

People

US government urges Bangladesh to reconsider minimum wage increase

The United States has urged Bangladesh to reconsider its recent decision on the minimum wage and ensure the protection of workers' rights following the death of a woman during garment labour protests. A government-appointed panel increased factory wages by 56.25 percent to 12,500 taka ( approximately 113 dollars) per month, but striking workers...

EventPress Release

Country to double denim export by 2030 to achieve $100b apparel export

Speakers at the inaugural ceremony of 15th Bangladesh Denim Expo said that Bangladesh needs to double its denim export to achieve US$ 100 billion export target by 2030 that fixed by Bangladesh Garment Manufacturers and Exporters Association (BGMEA) early this year. Commerce Minister Tipu Munshi, MP, said “Bangladesh is the 2nd largest apparel...

Business

What the new minimum wage means for garment workers in Bangladesh

On Tuesday, 8 November 2023, the Bangladeshi government announced the new minimum wage for garment workers: from December, they will receive 12,500 taka (around 114 US dollars) instead of the previous 8,000 taka (68 US dollars). At first glance, the increase seems to be okay, as it is up by 56 percent. However, if one compares the monthly...

Business

Minimum wage for textile workers in Bangladesh up, but far below union demands

Textile workers in Bangladesh must earn at least 12,500 taka per month from the government, according to media reports. It is over 50 percent higher than the current minimum wage, but well below the unions' demand for 23,000 taka. The latter amount would be needed for a living wage in Bangladesh. The current minimum wage for textile workers is...

EventPress Release

Bangladesh Denim Expo 8th & 9th November 2023 to Host A series of Panel Discussions and Exhibitions!

The event gathers 80+ companies from 12 countries will display fabrics, garments, threads, machinery, finishing equipment and accessories to represents the entire denim industry. And they are: International companies representing denim industry Liberty Mills Limited, Foshan Nanhai Deyao Textile Co.Ltd., Officina +39 Srl,Print Corex,...

Fashion Featured

Bangladesh protests bring production to a halt for Fashion's top brands

Levi's and H&M are among top global clothing brands to suffer production halts in Bangladesh, a garment union leader said Friday, after days of violent protests by workers demanding a near-tripling of their wages. Bangladesh's 3,500 garment factories account for around 85 percent of the South Asian country's 55 billion dollars annual exports,...

Business

Why Bangladesh’s minimum wage demand of 23,000 taka is justified

Bangladesh has been in the news recently — minimum wage discussions have turned sour with enraged garment workers taking to the streets for the second week. Two workers have died and sentiments are flaring up on both sides. What is the issue? While garment workers and their unions demand a minimum wage of 23,000 Bangladeshi taka (around 209 US...

Business

Two garment workers die in latest Bangladesh minimum wage protests

With a minimum wage of only 75 US dollars (8,300 Bangladeshi taka) per month, Bangladesh has one of the lowest wages among countries that make readymade garments (RMGs). The debate about raising the minimum to what would be more of a living wage has reached a boiling point, with tens of thousands of garment workers clashing with police in...

EventPress Release

15th Bangladesh Denim Expo to showcase diversity of denim innovations

The 15th edition of Bangladesh Denim Expo will once again open its doors in the international Convention City, Bashundhara (ICCB), Dhaka, Bangladesh on 8th & 9th November, 2023. Bangladesh Denim Expo is one of the most significant international exhibitions & the leading sourcing and inspiration platform for European buyers. More than 80...

EventPress Release

Interview Questionnaire for Mr. Pallak Seth

PDS Limited was the ‘In Association with Partner’ in the recently held Best of Bangladesh in Amsterdam. What was the objective of PDS behind this partnership? PDS has been proudly associated with Bangladesh for over 20 years. We have been sourcing and manufacturing in Bangladesh due to the multitude of benefits it offers and have plans to double...