Economy
BGMEA, MAQI Technology Group Join Forces to Transform Bangladesh’s RMG Industry
In a strategic move to enhance the capabilities and competitiveness of Bangladesh’s ready-made garment (RMG) industry, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has forged a partnership with MAQI Technology Group Co Ltd. The collaboration announced at a ceremony held at Radisson Blu in Dhaka, focuses on integrating cutting-edge technology, advanced machinery, and skill development for RMG workers.
BGMEA President Faruque Hassan, attending the event as the chief guest, emphasized the significance of the partnership in elevating the skills and expertise of RMG workers in operating advanced machines. The goal is to empower these workers with the latest skills essential for excelling in garment sewing.
The partnership aims to provide comprehensive training programs, establish modern lab facilities equipped with Euromac’s state-of-the-art machines and technology. These facilities will serve as platforms where aspiring sewing workers can refine their craft under the guidance of experienced instructors.
Euromac, a key player in providing advanced machines, will extend technical support to both BGMEA and the BGMEA University of Fashion and Technology (BUFT). This collaboration aims to develop the skills and knowledge of industry workers and BUFT students, enabling them to thrive in the dynamic landscape of garment manufacturing.
Faruque Hassan underscored the industry’s commitment to leveraging technology, skills, and innovation to diversify products and capture higher-value segments in the global fashion market. He highlighted the pivotal role of technology and skills development in ensuring the industry’s relevance and sustainability amid evolving market dynamics. The partnership reflects a forward-looking approach to position Bangladesh’s RMG industry at the forefront of technological advancement and global competitiveness.
Expatriate Bangladeshis sent approximately US$ 2.11 billion in remittances during the first 28 days of September in the fiscal year 2024-25, according to data released by Bangladesh Bank on 29 September.
Of this total, state-owned and specialised banks handled $679.10 million, while private banks received $1.43 billion in remittances.
Chief Adviser to Bangladesh’s interim government, Professor Muhammad Yunus, has vowed to expedite reforms and hold elections swiftly. Yunus, who recently assumed the role after the collapse of Prime Minister Sheikh Hasina’s 15-year administration, expressed his commitment during an interview with Tokyo-based news outlet NHK WORLD in New York on Sunday. He was attending the United Nations General Assembly at the time.
Following mass student-led protests that ended Hasina’s long-standing rule in August, Yunus stepped in as the leader of the caretaker government. Known for founding Grameen Bank, an institution providing microloans to the underprivileged, Yunus, along with the bank, earned the Nobel Peace Prize in 2006 for his efforts in poverty alleviation.
During the interview, Yunus emphasized that the interim government’s primary mission is to implement reforms promptly and ensure elections are held as soon as the groundwork is complete. He underscored the importance of success, stating, “Failure is not something that we can accept.”
Addressing the pivotal role of students in the ousting of the Hasina administration, Yunus acknowledged the sacrifices made by young people, referring to their involvement as part of a “revolution.” He highlighted his intention to engage the younger generation in shaping policy.
Furthermore, Yunus called for continued support from Japan, Bangladesh’s largest donor, during this crucial transition period. He stressed that Japan’s assistance is vital to stabilizing Bangladesh’s economy and fostering a democratic foundation in the nation.
Syeda Rizwana Hasan, the Adviser for Environment, Forests, and Climate Change, announced today that steps will be taken to restrict the use of polythene shopping bags to safeguard future generations.
Starting from October 1, polythene bags will be banned in shopping malls, followed by a ban in kitchen markets from November 1.
“Everyone must take responsibility and stop using polythene voluntarily. Action against polythene producers will begin from November 1,” Rizwana Hasan stated during a seminar.
The Department of Environment (DoE) organized the seminar to raise public awareness about alternatives to banned polythene bags.
Rizwana Hasan highlighted that the restriction on polythene will be executed in phases according to legal provisions, and discussions with shopping centers and store owners are ongoing to ensure a smooth transition.
She also announced plans to make the government secretariat a plastic-free zone by December.
Other speakers at the seminar included Environment Secretary Dr. Farhina Ahmed, DoE Director General Dr. Abdul Hamid, Director Rajinara Begum, President of the Shop Owners Association Muhammad Helal Uddin, and Md. Arifur Rahman Bhuiyan, Assistant Professor of Environmental Science at BUP. They discussed the harmful effects of polythene and the need for alternative products.
Earlier, Rizwana Hasan inaugurated a fair showcasing eco-friendly alternatives to polythene bags and visited 24 stalls. The fair featured products from government and private entrepreneurs, including reusable bags, jute bags, paper bags, and items made from bamboo and cane.
