Friday, August 7, 2020 | ePaper

Pandemic fallout

374 RMG factories shut, 30 per cent fall in orders

  • Print
Staff Reporter :
Some 374 garments factorie have been closed due to the coronavirus epidemic, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA).
BGMEA leaders said that the foreign buyers have curtailed their import orders by 30 per cent during corona period costing Bangladesh loss of $4.33 billion in just three months.
However, the owners of garment industry expect that they would be able to recover in November and December.
Former BGMEA President Anwar-ul- Alam Chowdhury said, the international buyers of the garment industry are in a dilemma. 
At present 1,900 factories are in operation.  Surprisingly the US buyers hesitate to place orders in Bangladesh for coronavirus, whereas corona attack in their own country is the bitterest.
As a result, if there is no work in the factories, those may be declared lay-off, Anwar-ul- Alam said.
International research organizations said that the global demand for clothing will reduce by 30 to 50 percent due to Covid-19 epidemic.
According to BGMEA, some 348 garment factories have been closed due to the coronavirus epidemic, those are members of BGMEA and export loss was USD 4.33 billion in just three months.
On the other hand, exports have decreased by USD 6.18 billion in the departed 2019-20 fiscal years.
Besides, some BKMEA 26 garment factories have been declared closed.
BGMEA and BKMEA sources said, 3.17 billion USD priced garments order have been cancelled in Bangladesh since March.
According to data released by the Export Promotion Bureau (EPB), the main source of export earnings was garment exports worth $27.95 billion during the past 2019-20 fiscal year. The target was 38.20 billion USD.

More News For this Category

Body of a real estate businessma found at construction site in Dhaka

Body of a real estate businessma found at construction site in Dhaka

Police have recovered the body of a real estate businessman, presumed murdered, from a construction site in Dhaka's Bashundhara Residential Area.The victim was identified as Abul Khair, the owner of

Bangladesh's virus caseload crosses 250,000; another 27 die

Bangladesh's virus caseload crosses 250,000; another 27 die

The tally of coronavirus infections in Bangladesh has surpassed 250,000, hitting another unwanted milestone in the pandemic that has upended millions of lives in the country.The government said 2,851 new

The incident is not isolated: We demand joint investigation into easy crossfire killing

Editorial Desk :Chief of Army Staff General Aziz Ahmed and Inspector General of Police Benazir Ahmed on Wednesday told a joint press briefing that the easy killing of retired

Story of a reckless OC

Story of a reckless OC

Staff Reporter  :Pradeep Kumar Das, Officer-in-Charge (OC) of Cox's Bazar's Teknaf Police Station, was withdrawn on Wednesday after 22 months of his duty in this police station. In these 22

ACC summons ex-DGHS DG Azad

Staff Reporter :The Anti-Corruption Commission on Thursday summoned immediate past Directorate General of Health Services director general Abul Kalam Azad to interrogate him over his alleged involvement in N95 mask

Lack of monitoring blamed for anarchy in health sector

Reza Mahmud :Lack of proper monitoring to supervise the activities of hospitals and clinics are the vital response behind the anarchies in the health sectors, public health experts opined. Besides,

39 more die from coronavirus in 24 hours

Staff Reporter  :The death toll from coronavirus has reached 3,306 as 39 more people died from the disease in the last 24 hours.Besides, 2,977 more tested positive for the virus,

'Coronavirus now affects kidney, abdomen more than lungs in Bangladesh'

News Desk  :Dr Bijon Kumar Sil, Head of the Gonoshasthaya Kendra team which invented Covid-19 testing kits, on Thursday said the novel coronavirus is now creating kidney and abdominal problems

Health officials need DG's permission before talking to press

Staff Reporter :Health ministry in an order directed the health officials not to talk to media without permission from the director general of Directorate General of Health Services.The order, received

Teknaf OC, 6 other cops on 7-day remand

Teknaf OC, 6 other cops on 7-day remand

News Desk :Seven cops, including Teknaf police station's Officer-in-Charge (OC) Pradeep Kumar Das, Baharchhara police outpost's Inspector Liakat Ali and Sub-Inspector Nanda Dulal Rakkhit, were each placed on seven-day