The government, led by the Ministry of Labour and Employment, has been attempting to restart Beximco’s textile and apparel units to safeguard thousands of jobs and maintain export flows.
Manufacturing News
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The initiative is designed to strengthen its presence across multiple sectors and is expected to create 2,000 jobs, with a particular emphasis on providing opportunities for semi-skilled rural women and advancing women’s empowerment.
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Participants highlighted a convergence of pressures — including global cotton price volatility, rising utility expenses and the growing influx of imported yarn — which they warned was pushing the spinning segment dangerously close to its breakeven threshold.
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The move is likely to support downstream textile segments facing tariff pressures in the US, particularly the RMG industry, which will now gain access to more competitively priced raw material imports.
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Under the MoU, both organisations will collaborate on key areas such as trade facilitation for CMSME entrepreneurs, export diversification, joint research related to Bangladesh’s impending LDC graduation, training and capacity-building programmes, policy dialogue, and information exchange.
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Amid escalating political and security instability, global apparel buyers have started pulling out of planned visits and meetings in Dhaka, raising concerns over potential disruptions to work orders for the coming two seasons.
