
According to the data, about 200 garment factories have closed in the country in the past one year since the interim government took office for various reasons. As a result, export orders have decreased, employment has been in crisis and bank loan repayments have become difficult. Industry experts have warned that if this situation continues, more factories are likely to close.
Due to blockades, load shedding, gas shortages and political uncertainty, production is not being completed on time. As a result, many exporters are having to use expensive air routes to meet the deadlines of international buyers, which is affecting the country's image in addition to financial losses.
Industry stakeholders say that if this crisis continues, export growth will be hampered and the country's economy will also be affected. They noted that without political stability, ensuring energy supply and building efficient infrastructure, the future of the garment sector will be at risk.
Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Vice President Mohammad Rashed said that international buyers are hesitant to place new orders due to the overall uncertainty in the country. The crisis will deepen if a quick solution is not found.
Bangladesh Textile Mills Association (BTMA) President Shawkat Aziz Russell said the recent fire at Shahjalal Airport has had a negative impact on the country's image and the flow of new orders has also slowed down.
BGMEA Director Faisal Samad said the garment sector is now in a critical state due to gas and electricity shortages, airport complexities and bureaucratic hurdles.
Bangladesh Garment Buying House Association (BGBA) President Mohammad Mofazzal Hossain Pavel said international buyers are worried about whether the products will reach them on time, due to which they are shifting orders to other countries despite incurring additional costs.