A new report says Bangladesh’s share of textile and garment exports will increase further in the next 16 years thanks to its low cost base and large working population.
The Accord on Fire and Building Safety in Bangladesh has finalized inspection standards for factories.
The minimum wage for millions of garment workers in Bangladesh will rise to about $68 a month – an increase of 76% on current pay but well below the level that workers have been seeking.
Government officials, manufacturers and union leaders meeting in Bangladesh failed to agree on a rise in the minimum wage for garment workers.
The Better Work program is part of a wider $24.21 million package aimed at improving working conditions in Bangladesh’s ready-made garment sector.
The safety of Bangladesh’s textile and garment industry has been called into question again today (9 October) after at least seven people were killed in a fire at a fabric factory at Sreepur in the district of Gazipur, around 40km north of Dhaka.
A McKinsey & Co. study says Bangladesh’s advantages in low cost and convenience will ensure that its apparel sector keeps growing.