This was conveyed by New Zealand’s non-resident high commissioner to Bangladesh David Pine during a meeting with Commerce, Industries and Textiles and Jute Minister Khandakar Abdul Muktadir.

New Zealand is keen on continuing duty-free and preferential market access facilities for Bangladesh even after the country’s LDC graduation, the former’s non-resident high commissioner to the latter David Pine said.
Both sides discussed ways to further expand bilateral trade and investment ties, make use of existing regional trade frameworks and the possibility of signing a comprehensive bilateral FTA.

The two sides discussed ways to further expand bilateral trade and investment ties, make effective use of existing regional trade frameworks and the possibility of signing a comprehensive bilateral free trade agreement (FTA).

Muktadir told the envoy the Bangladesh government is according top priority to industrialisation, employment generation and export diversification to strengthen the economy and sustain growth momentum, according to Bangladesh media outlets.

He urged investors from New Zealand to take advantage of Bangladesh’s business-friendly initiatives and invest.

Fibre2Fashion News Desk (DS)

Both sides agreed that a minimum of 80 per cent of the factory’s production workforce will be women and indigenes of Kwara state.

Nigerian state-run Kwara Garment Factory has signed a pact agreement with KWS Garment Production Village, allowing the latter to manage and run the former.
A minimum of 80 per cent of the factory’s production workforce will be women and indigenes of Kwara state.
The management model has been carefully structured to protect the state’s investment while allowing private sector excellence to thrive.

The agreement was signed at the factory in Ilorin by its managing director Bukola Adedeji.

KWS Garment Production Village is led by Folake Akindele, an acclaimed figure in African fashion over the last three decades.

The management model has been carefully structured to protect the state’s investment while allowing private sector excellence to thrive, commissioner in the Ministry of Business, Innovation and Technology Damilola Yusuf-Adelodun was cited as saying by domestic media outlets.

“This occasion marks yet another bold step in the commitment of the Kwara state government under Mallam AbdulRahman AbdulRazaq, towards industrialisation, economic growth, job creation and sustainable development in our dear state,” Adedeji said, highlighting the scale of investment made by the state in preparing the facility.

“This factory represents the possibility. It represents scale. It represents structure. It is about building systems that allow Nigerian businesses, creative, institutional, and corporate alike, to produce competitively, efficiently and proudly within Nigeria. If you have been going outside Africa to manufacture and access world-class quality, you can get that same standard right here,” Akindele said.

The factory is fully equipped with industrial-grade machinery covering the entire production chain, from cutting, sewing, embroidery, and printing to finishing, quality control and shipping.

It is designed to support large-scale apparel production across fashion, uniforms, sportswear, institutional, hospitality and corporate sectors.

Fibre2Fashion News Desk (DS)

According to market sources, raw material prices strengthened on May **, with PTA rising by ****;*.* to ****;***.* per kg, MEG increasing by ****;*.* to ****;**.** per kg and melt advancing by ****;*.** to ****;***.** per kg. The cost push encouraged Indian polyester yarn producers to revise selling prices upwards, although polyester staple fibre (PSF) prices remained unchanged for the second fortnight of May.

Indian producers increased POY and PTY prices by ****;* per kg across all deniers and lustres, with effect from May **. Following the revision, POY fine denier was priced at ****;*** per kg, while coarse denier stood at ****;*** per kg.