The garment industry accounts for almost 80 per cent of Bangladesh's total exports. Bangladesh intends to double its apparel exports to $50 billion by 2021. To this end, the country is setting up garment villages. These villages are aimed at making conditions safer for workers. Currently factories in Bangladesh tend to spread around in an unplanned manner, which makes them hard to monitor, and they spring up wherever space is available, including in decrepit, unsafe buildings.
Factories that don’t comply with regulations will be moved to villages, where workplace, health, and fire safety regulations can be enforced. There will be facilities for medical treatment, proper waste disposal, and day care. A village can have several hundred factories.
The US, which is the largest importer of garments from Bangladesh, will help the country build garment villages. The US will reportedly join two Bangladeshi banks in offering a $22 million credit guarantee on loans to help improve safety in garment factories. The rapid growth of Bangladesh’s garment industry has been a blessing and a burden to the country. Even as it has provided jobs to millions and helped Bangladesh reduce its poverty rate, it has also exploited the nation’s poorest and most desperate, leading to the deaths of thousands.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Luxury under pressure as stagflation and geopolitics redefine the winners’ circl…
The 2025 earnings for Europe’s listed luxury majors have delivered a verdict that has far more implications than the prevailing... Read more
Luxury resale goes global, sneakers, handbags, archival fashion redrawing border…
The luxury resale market in 2026 is no longer a monolithic global block. According to the RB Insights January 2026... Read more
China out but can India deliver? The realities of the global sourcing shift
With the US imposing a flat 15 per cent tariff on Chinese imports under Section 122 as of February 2026,... Read more
Luxury in Retreat: Why the aspirational consumer is gone for good
The global luxury industry is confronting an unprecedented situation. The active consumer base, which peaked at 400 million in 2022,... Read more
The Invisible Bleed: How a single chemical is slowing India’s apparel machine
The global fashion industry has spent the better part of the past two years obsessing over visible disruptions viz. volatile... Read more
The Closet Paradox: How ‘nothing to wear’ is driving global overconsumption
In an era of overflowing wardrobes and instant fashion gratification, a striking paradox has emerged: the more clothes we own,... Read more
US trade rulings and labor slowdown reshape 2026 cotton supply chains
The global cotton industry is entering a period of adjustment, shaped by legal rulings, trade policy recalibrations, and a softening... Read more
Zero-tariff paradigm drives strategic re-sourcing at Global Sourcing Expo 2026
Projected to reach a valuation of $30.3 billion this year, the Australian textile and apparel market is entering a period... Read more
Strategic manufacturing takes center stage at Gartex Texprocess Mumbai 2026
A $179 billion industrial cornerstone contributing 2 per cent to the national GDP, the Indian textile and apparel sector is... Read more
The Hidden Tax on Fashion: 2026’s EPR rules squeeze margins and shake supply cha…
As the 2026 enforcement deadlines for California’s SB 707 and the European Union’s harmonized Waste Framework Directive loom, the global... Read more












