AGP Executive Report
Last update: 5 hours agoBangladesh RMG Heat Check: BGMEA pushed back on media claims that garment factories, including DBL Group, were shut due to gas and power shortages, saying production stayed operational with government support—while a separate report warns the gas crisis could cut output to 35–40% capacity and trigger shipment delays and order cancellations. Trade Deals & Tariffs: Bangladesh and South Korea signed a CEPA granting tariff preferences for 97% of Bangladeshi goods, and the UK-India FTA is projected to add about US$900m in medium-to-long-term textile exports for India. Industry Finance: DBL Group secured a USD 43m long-term financing deal with DEG to fund acquisition and expansion, targeting 2,150 new jobs. Sustainability Push: CITI, ICAC and Merago ink an MoU to develop regenerative cotton carbon-credit projects in India, while IWTO’s new “Green Book” argues wool’s footprint is lower than fossil-based synthetics. Market Mood: ITMF’s global textile survey shows sentiment slipping as order intake weakens. Business Updates: Sanathan Textiles reported higher standalone profits in Q1FY27; Albany International posted Q2 earnings.
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