Faith And Future

Current Accessories business status

As per the Bangladesh Garments Accessories & Packaging Manufacturers & Exporters Association (BGAPMEA), the packaging and accessories sector contributes significantly to the country’s economy, with a noteworthy value addition of approximately 40%, totaling 350 billion Taka. In the fiscal year 2021-22, this sector played a crucial role in generating revenue,…

79% of RMG accessory buyers have not adjusted prices in response to the recent wage hike

In the wake of the government’s recent announcement of a new minimum wage structure for garment sector workers in November, a notable challenge has surfaced, as revealed by a survey reflecting the perspectives of 66 entrepreneurs in the industry. Surprisingly, despite consumer appeals for increased product prices to support the…