Home / Knowledge / News / Apparel/Garments / B'desh garment industry fears fallout of terror attack
B'desh garment industry fears fallout of terror attack
05
Jul '16
Friday's terror attack in Dhaka has a cast a shadow over Bangladesh's garment sector. Some leaders of Bangladesh's $26 billion garment industry expect Western fashion retailers to review their ties with the world's second-largest garment exporter after 20 people including 18 foreigners were killed in the attack on a Dhaka restaurant, Reuters has reported.

The attack marks a major escalation in a campaign by militants over the past 18 months that had targeted mostly individuals advocating a secular or liberal lifestyle in majority-Muslim Bangladesh with 160 million people.

"An incident like this will definitely impact us, in as much as our importers from places such as (the) US and China will be wary to visit because of the security concerns," said Shahidul Haque Mukul, managing director of Ananta Garments.

The industry seemed relatively untouched by a spate of recent murders of liberals, gay people, foreigners and religious minorities in sporadic attacks claimed by Islamic State and al Qaeda.

Between October and January, Bangladesh's garment exports surged 14 per cent from a year earlier.

But Friday's attack signalled a more chilling threat to foreigners. The militants targeted a building housing two upmarket eateries popular with foreigners, and several of those killed were Italian garment entrepreneurs.

Italy's textile imports from Bangladesh more than trebled in the last decade to reach $1.31 billion last year, as low cost garment production moved outside the European country.

"Bangladesh has never seen such a horrific incident," said Mohammad Siddiqur Rahman, president of the Bangladesh Garment Manufacturers and Exporters Association.

"It is a strong slap to our image. It will put pressure on our business, but we cannot say to what extent at the moment."

A Bangladesh-based executive for a French-based garment buyer said he feared a deep slump in business in the coming days.

But other industry figures said heightened security fears could be managed and that manufacturers could hold more meetings with Western customers outside Bangladesh, in Asian cities such as Singapore or Hong Kong, a trend that had begun some time ago.

"Concerns on visiting our factories, holding meetings, etc, by foreign nationals will be there for a few months but I believe within six months, the intensity will thaw and things will be back to normal," said Abdullah Hil Rakib, head of exporter Brothers Fashion Ltd.


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search