In a letter to Commerce Minister Tofail Ahmed, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has asked him to take serious action against buyers who are involved in illegal activities. The government has been urged to stem fraudulent activities of a section of local buying houses and agents appointed by foreign buyers, claiming they were tarnishing the industry’s image. Local agents and buying houses of foreign buyers secure export orders and transfer export Letters of Credits (LCs) while looking after the overall activities until execution of shipment orders. Currently, a section of dishonest domestic agents and buying houses are handing over export orders or products to foreign buyers without bank endorsement, disrupting the repatriation of exports proceeds, industry leaders say. They alleged local buyers hamper shipment of export items, provide lower quality fabrics to the factories in connivance with the some foreign buyers.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
From London to Tokyo, premiumization redefines retail and office markets
Global real estate landscape has changed. Gone are the cautious narratives of recovery that defined the post-pandemic years. Today, flight... Read more
Compliance drives India’s $176 bn textile shift
India’s textile economy is no longer selling fabric alone; it is selling proof. As compliance rules harden across export markets,... Read more
The second life economy gets a boost as resale outgrows traditional apparel reta…
For decades, resale existed in the margins of the apparel economy, thrift stores, peer-to-peer marketplaces, and charity bins quietly absorbing... Read more
Rising polyester costs shake India’s textile manufacturing hubs
India’s synthetic textile industry is confronting a sudden and destabilizing price shock that is reverberating across its vast manufacturing ecosystem.... Read more
Cotton markets hold firm as tariffs, higher supply reshape global fiber economic…
In a year marked by tariff escalations, geopolitical brinkmanship and a recalibration of global trade flows, the international cotton market... Read more
Beyond Cotton How Kapok could redefine sustainable insulation in textiles
In the lush, humid heart of Southeast Asian rainforests stands a giant, a silent sentinel of the forest canopy. Growing... Read more
Bharat Tex 2026: Redefining the global textile value chain
Union Minister of Textiles, Giriraj Singh, has officially unveiled Bharat Tex 2026, signaling a significant leap in India’s influence over... Read more
Intertextile Shanghai Spring 2026: A hub for global textile innovation
The textile industry’s pulse is quickening as Intertextile Shanghai Apparel Fabrics – Spring Edition prepares to open its doors from... Read more
Moscow Fashion Week 2026: Blending sustainable innovation with timeless glamour
Scheduled to run from March 14-19, 2026 in Moscow, Russia, the Moscow Fashion Week (MFW) is cementing its status as... Read more
The Store as Stage: How fashion is crafting immersive consumer worlds
The North American fashion retail sector in 2026 is shedding its product-first identity and shifting towards a model that values... Read more












