CPD RMG Study Stitching a better future for Bangladesh
Every day, CPD RMG Study team reveals what’s on our economic and apparel radar and curates a selection of the best reports, opinion, and analysis you may have missed.
Textiles and jute ministry to get back five mills
The cabinet committee on economic affairs have approved a proposal that would enable the textiles and jute ministry to get back five mills. The mills are Rajshahi Silk Factory, Thakurgaon Silk Factory, Sylhet Taxtile Mills Limited, Kurigram Taxtile Mills Limited and Chittagong Valika Woolen Mills.
As per the decision made by previous government, the state-owned factories were supposed to be divested due to their continous losses.
Benapole strike halts export-import between Bangladesh and India
Due to an indefinite strike enforced by Indian truckers, export and import between Bangladesh and India were halted through Benapole land port from Thursday morning. The truckers called the strike demanding unconditional release of an Indian truck, which was seized 15 days back after firearms were recovered from it.
Hundreds of trucks loaded with imported goods were found waiting on both sides of the border.
Bangladesh selects 30 global firms for sourcing LNG from spot markets
Bangladesh has selected 30 firms and their consortia from different countries across the globe to source LNG (liquefied natural gas) from spot markets to ensure availability of the energy. The selected firms would supply the energy from the spot market after getting orders to be placed time to time based on the demand.
The Rupantarita Prakritik Gas Company Ltd (RPGCL), a wholly-owned subsidiary of Petrobangla made the selections to procure LNG from spot markets, in addition to import the same through long-term deals.
