The knitwear manufacturers yesterday demanded strict security measures for smooth operation of their factories to maintain higher export growth of knit items.
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Readymade garment (RMG) sector of Bangladesh has now entered a phase where disputes between employers and workers is creating a major hurdle in the way of growth of the industry and unless this issue is resolved, the situation is likely to remain grim.
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The Greenville Area Development Corporation and Innegrity LLC -a developer and manufacturer of high performance fibers that provide weight reduction and ballistic protection solutions with scores of potential applications – announced that the company will significantly expand its production facilities in Greenville County, South Carolina, adding a projected 150 new jobs over the next three to five years. The expansion includes relocation from the company’s current Concourse Way facility to an upfitted 120,000 square feet of space in Mauldin, part of an anticipated $15 million investment by the company.
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One of the major problems that the once thriving textile sector of Turkey is facing, is tough competition from Chinese counterpart, who at present is dominating international market. In order to solve this grave issue, Mehmet Simsek, Economy Minister, Turkey, recently held a meeting with representatives of textile industry.
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Sweater item exports are increasing rapidly as Bangladesh has become a lucrative destination for readymade garments (RMG) outsourcing on the appreciation of Chinese currency and increase in workers' wages in competing countries, according to industry insiders.
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