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Bangladeshi exporters worry over possible drop in winter orders

After a long-stretched political turmoil that negatively affected Bangladesh apparel export segment, now players are worried about possible fall in winter orders from key destinations. A decline in production during the three months of political unrest has already led to a decline in orders.

Apparel apex body-BGMEA recently held a meeting with buyers' forum, where more than 40 representatives of top global apparel buyers, brands and retailers participated. The aim was to assure them of improvement in situation and smooth supply of products. Even buyers expressed their willingness to increase sourcing from the country but players are skeptical about fulfilling demand due to a fall in production.

Industry estimates, the country's largest foreign currency-earning sector has already suffered a 20-25 per cent production loss during the last three months' due to political unrest. Almost 35 garment factories have suffered losses worth Tk 1.81 billion from January 14 to February 19 due to the blockade, according to the BGMEA. Locally-made apparel export (woven and knit) witnessed a 3.18 per cent growth during the July-March period of the current fiscal year. Knit products failed to achieve the target by 5.58 per cent and woven by 3.89 per cent during the period, under review.

www.bgmea.com.bd

 
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