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Sans gas connection, Taka 40bn stuck up
21
Mar '11
More than 150 textile and apparel manufacturing facilities are unable to start production, as the government has stopped providing new gas connections.

These plants built at an estimated investment of Taka 40 billion have been set up in Dhaka, Savar, Gazipur, Sreepur, Narayanganj and Narsingdi.

Speaking to fibre2fashion, Mr Fazlul Haque, former President - Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) said, “It has a great impact on textile production.

“Recently releases figures for February indicate that clothing exports climbed by 40 percent. Exports are really booming and we have a great market opportunity. If not all, but if atleast 100 factories could manage to start their production, it would be great.

“Bangladesh is now transforming into a sort of supply continent. There are lots of opportunities of getting orders, but we are not able to grab all the orders available. This has a lot of negative impact in long run as buyers will then go to another country.

“Most of the orders we believe are coming from China. When they will find that Bangladesh also is not able to handle big orders they might go to other countries. Once they leave Bangladesh they might not come back next year.

“It will create a negative impact. The government has however taken some initiative and we hope that in next six months, the scenario will be changed in positive manner", he wrapped up by saying.

Fibre2fashion News Desk - India

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