Home / Knowledge / News / Apparel/Garments / Slowdown in garment sector avoidable – BGMEA
Slowdown in garment sector avoidable – BGMEA
31
May '11
Although the income from garment exports has increased by 20 percent during the last one year, the frequency of supply orders has reduced in the last two months, according to Bangladesh Garments Manufacturers and Exporters Association (BGMEA) President Safiul Islam Mohiuddin.

“The buyers are opting for some neighbouring countries instead of Bangladesh, as these countries are providing some additional benefits to them”, the BGMEA President added.

He said that the country's export-oriented garment sector may face deceleration in the near future as the manufacturing cost has increased by 23 percent, owing to the rise in wages and interest rates of bank loans. This has resulted in the decrease of profit margins by around 30 percent.

In order to avoid slowdown, Mr. Mohiuddin asked the Government to provide adequate allocation for the garment sector in the next budget, resolve the gas and electricity problems at the earliest, and adopt integrated projects for enhancing skill development of the workers.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

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

Kevin Nelson
TissueGen

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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