Home / Knowledge / News / Apparel/Garments / Slowdown in garment sector avoidable – BGMEA
Slowdown in garment sector avoidable – BGMEA
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

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Urmil Arya

Sushila International, a well established textile organisation established ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Kevin Nelson

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

Kerem Durdag
Biovation II LLC

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Divvya and Nidhhi Gambhir

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

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

May 2018

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

news category

Related Categories:

Advanced Search