Bangladesh Garment Buying House Association (BGBA) leaders expressed apprehension that orders from global RMG buyers for the coming summer and Fall seasons would drop, as ‘some buyers have already communicated their negative mood to buying houses after the Gulshan restaurant attack’. Garment buying houses work as mediators in the readymade garment business.
July-August is the time for foreign buyers to place orders for the summer and Fall seasons but we are very much worried that if the buyers cannot make frequent visits and movement in Bangladesh in time, the business will be shifted to another destination, BGBA president Kazi Iftaquer Hossain, has said. He said the garment export is a time-bound business and the lion share of the country’s RMG export earnings comes from the orders the global buyers place for the summer and fall seasons.
Iftaquer said that the July attack, in which 17 foreigners including nine Italian nationals who were engaged in garment business in Bangladesh were killed, has posed a severe threat to the country’s RMG sector and many foreign buyers including renowned fashion brand H&M are considering to squeeze their business in Bangladesh.
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