Home / Knowledge / News / Apparel/Garments / Power crisis afflicts Bangladesh knitwear industry
Power crisis afflicts Bangladesh knitwear industry
21
Mar '12
The supply of interrupted power and gas at low pressure has pushed around 150 knitting and dyeing units in Bangladesh on the verge of closure.

Several units have turned sick due to losses suffered on account of inadequate gas supply and continued power outages, which has over the past one year compelled these units to operate at below 67 percent of their capacity.

Many factories are now operating during night hours, rather than during day time, in order to take advantage of the better power and gas supply situation at nights.

According to the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), majority of the units confronting closure are concentrated in the Gazipur and Narayangonj regions.

It is being apprehended that if same situation persists, it may not allow the industry to achieve its export target set for the current fiscal.

While they continue exploring new markets, the exporters are bemused as to how to satisfy new orders, when they are not even being able to fulfil the ones on hand, the BKMEA said.

The association said that with so many units becoming sick or facing closure threat it would difficult for the industry to sustain its growth momentum, particularly when continued crisis is apprehended to push even more units to shutdown in future.

As revealed by the Export Promotion Bureau (EPB) statistics, Bangladesh's knitwear exports have been falling short to achieve their monthly export target continuously for the past four months.

The initial eight months of the current fiscal saw Bangladesh's knitwear exports touching US$ 6.297 billion, which fell short of the projected target of US$ 6.813 billion by 7.57 percent, the EPB data showed.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Kornit Digital

Textiles | On 28th Feb 2017

'Customisation is an advantage of digital printing'

Changing business models and companies' decision to reduce their...

Textiles | On 28th Feb 2017

China's textile & apparel exports up 10.2% in Jan 2017

Exports of textiles and garments from China resumed growth in the...

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search