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A lot of garment manufacturing may move to India from Bangladesh
Rtv news
06 Sep 2024, 12:32
Photo: Collected
Raymond CMD Gautam Singhania expects a large chunk of garment manufacturing to move India in the coming years due to the political turmoil in Bangladesh and believes his company is ready to tap into the opportunity with the investment it had made to supply to global players.
"We sell fabrics to Bangladesh, all that business is coming back here after the crisis. Once the business shifts here, it won't go back.
They don't have a fabric base. You will succeed when you are integrated - we have fabric base and garment base (in India). Today, the ball has been thrown, we have to catch it," he said.
Raymond had invested around Rs 200 crore to expand its garment manufacturing capacity, which Singhania expects will come handy given that the company is already supplying to large buyers. "We are the third largest garment manufacturer in the world; we do 10 million pieces a year. Two Chinese players are bigger; they have higher volumes, but they sell cheaper stuff. Today, all the marquee customers are with us. For example, Hugo Boss, CK, Macy's, JCPenney. Out of Rs 7,000 crore (revenue), Rs 1,200 crore will come from there, 95% of that is exported," he said.
While Raymond is seeking to expand its portfolio with sleepwear, inner-wear, and bolstering Ethinix, Singhania ruled out a re-entry into womenswear. "It's as different for me (as it is) to make cement and steel. We did a market survey and it showed that the male took very strong objection to Raymond extending it to womenswear," he said.
Source: TOI
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323 Municipal Mayor across Bangladesh dispels
Mayors of 323 municipalities across the country have been removed. The local government department issued a notification removing the mayors of 323 municipalities elected during the Awami government.
This information was informed through a notification signed by Deputy Secretary Mahbub Alam on Sunday (August 18).
It is said that by applying section 32(a) of the Local Government (Municipalities) (Amendment) Ordinance, 2024, the mayors of the following municipalities in Bangladesh have been removed from their respective posts.
Click here to view the list of municipal mayors.
60 Zilla Parishad Chairman, 95 Upazila Chairman removes
The chairman of 60 zilla parishads and 495 upazila parishads of the country have been removed.
A notification has been issued from the Local Government department on Monday (August 19).
According to the order, District Commissioners (DCs) will replace the removed Zilla Parishad chairmen and Upazila Executive Officers (UNOs) will perform duties in place of Upazila chairmen.
Apart from this, notification has also been issued removing the mayors of 323 municipalities elected during the Awami League government.
It is said that by applying section 32(a) of the Local Government (Municipalities) (Amendment) Ordinance, 2024, the mayors of the following municipalities in Bangladesh have been removed from their respective posts.
Earlier, last Saturday, the interim government issued separate ordinances to amend the municipal, upazila, district and city corporation laws, leaving the power to remove local government representatives and appoint administrators in special circumstances.
Since the fall of the Awami League government on August 5, this initiative to amend the law was taken in the context of the disruption of civic services due to the absence of Awami League supporting chairman, vice chairman, mayor and councilors in the zilla parishad, upazila parishad, city corporation and municipality.
City corporation Mayors being removed this time
According to the ordinance, the mayors of the city corporation are being removed this time. Administrators will be appointed after their removal.
On Monday (August 19), this information was revealed by the source of the local government department.
An official of the local government department, who did not disclose his name, said that the senior officers of the divisional commissioner's office will be appointed as administrators. The file regarding removal of City Corporation mayors has been sent to the Office of the Chief Adviser.
It is known that currently there are 12 mayors in 12 city corporations of the country. The relevant branch of the local government department has prepared a notification regarding the removal of 12 persons. At the same time the notification for appointment of Administrator has also been prepared. Notice may be issued at any time.
Currently Barrister Sheikh Fazle Noor Taposh in Dhaka South City Corporation, Atiqul Islam in Dhaka North City Corporation, Rezaul Karim Chowdhury in Chattogram City Corporation, Talukdar Abdul Khalek in Khulna City Corporation, AHM Khairuzzaman Liton in Rajshahi City Corporation, Abul Khair Abdullah in Barisal City Corporation, Mostafizur Rahman Mostafa in Rangpur City Corporation, Anwaruzzaman Chowdhury in Sylhet City Corporation, Ikramul Haque Titu in Mymensingh City Corporation, Tahseen Bahar Shuchona in Comilla City Corporation, Zayeda Khatun in Gazipur City Corporation and Selina Hayat Ivy in Narayanganj City Corporation are in service.
Earlier on Sunday (August 18) 876 representatives were removed by the local government department. Among them there are 60 district council chairmen, 493 upazila chairmen and 323 municipal mayors. Administrators have been appointed in all 61 vacant Zilla Parishads.
On the other hand, a separate notification has been issued appointing 495 Upazila Nirbahi Officers (UNOs) to the post of Upazila Parishad administrators. Besides, 7 municipal administrators have been removed from their duties.
Bangladesh receives 13 thousand crore remittance in 17 days
Sheikh Hasina left the country after resigning from the post of Prime Minister on August 5 in the face of student uprising. Since then, the amount of remittances coming through legal channels has increased.
In continuation of this, 13 thousand 374 crores came in the first 17 days of August.
The updated information of Bangladesh Bank says that the remittance received till the first 3 days of this month is 9 crore 56 lakh 50 thousand dollars. And remittance received from August 4 to 10 is 38 crore 71 lakh 20 thousand dollars.
Bangladesh Bank also says that in the first 17 days of August, remittances have arrived through legal means of 114 crore 42 lakh 20 thousand dollars. In Bangladeshi currency (as per dollar 118 taka) which amounts to more than 13 thousand 374 crore taka.
At this time, 15 crore 29 lakh dollars came through the state-owned banks, about 3 crore 77 lakh dollars came through one of the 2 specialized banks (Krishi Bank). More than 94 crore 14 lakh dollars came through private banks and 2.15 million dollars came through foreign banks.
The total number of banks which did not receive any remittance during the discussed period is 10. These include Bangladesh Development Bank or BDBL, the specialized Rajshahi Krishi Unnayan Bank (RAKUB). Private Sector Community Bank, Citizen Bank, ICB Islami Bank, Padma Bank, Shimanto Bank. Foreign sector banks include Habib Bank, National Bank of Pakistan, State Bank of India and Woori Bank.
Incidentally, expatriates had announced to send money in hundi expressing no confidence in the recently departed Sheikh Hasina government. This suddenly reduces the speed of remittance. But after the fall of the government, that picture changed. Remittances are coming in a legitimate way.
Pentagon looking forward to work with Bangladesh's govt.
Pentagon, US Department of Defense spokesman Major General Pat Ryder said the United States has a defense relationship with Bangladesh and is looking forward to working with the interim government.
He said these in response to a journalist's question about the fall of the Awami League government and the assumption of power by the interim government at a press conference on Tuesday (August 20) local time.
Major General Pat Ryder said, 'The Pentagon looks forward to working with the interim government to advance issues such as a free and open Indo-Pacific, emphasizing the shared values and common interests of the two countries.'
He said, 'We must expect the Bangladesh government to protect human rights and avoid any violence. However, the US State Department should be contacted for details on US-Bangladesh relations.'
Fire breaks out in a building at Dhanmondi, 6 units under control
Fire breaks out in a building at Dhanmondi, 6 units are under control
A fire broke out on the eighth floor of a 12-storey residential building on road no. 5 of Dhanmondi this morning. Six fire service units are working to control the fire.
The fire started at 10:25 am on Wednesday (August 21). The duty officer of the fire service, Lima Khanam, confirmed the matter.
He said, 'At 10:25 in the morning, I received information about the fire on the eighth floor of the 12-storey building at Dhanmondi number five. After that, six units started working to control the fire.
However, initially, Lima Khanam could not give any information about the cause of the fire and the casualties. So far 3 trapped people have been rescued with
Farooq Ahmed assigned as new BCB President
Farooq Ahmed has become the new president of the Bangladesh Cricket Board (BCB).
He was assigned to the BCB President post on Wednesday (August 21).
Former national cricket team captain Farooq Ahmed served as chief selector in BCB for two terms earlier.
Rumors in the sports arena for the last few days that Nazmul Hassan Papon is stepping down from the post of BCB president. And former Tiger captain Farooq Ahmed is going to replace him. That rumor came true on Wednesday with Papon's official resignation.
It should be noted that Farooq Ahmed served as the chief selector of BCB for two terms. He served in the first term from 2003 to 2007 and in the second term from 2013 to 2016. In the second term, he resigned due to a dispute with the board over the election process.
