Home / Knowledge / News / Apparel/Garments / Bangla apparel, leather units unhappy over gas price hike

Bangla apparel, leather units unhappy over gas price hike

Jul '19
Pic: Shutter Stock
Pic: Shutter Stock
The Bangladesh Energy Regulatory Commission (BERC) recently hiked gas price for industrial use by 37.88 per cent from Tk 7.76 to Tk 10.70 per cubic metre, while for captive power, it was raised by 43.97 per cent from Tk 9.62 to Tk 13.85 per cubic metre. For the power sector, it was increased from Tk 3.16 to Tk 4.45 per cubic metre—a 40.82 per cent rise.

The hike was effective starting July 1, according to Bangla media reports.

Bangladeshi exporters, especially those in apparel and leather sectors, will reportedly lose competitive edge in global markets as they fear the latest hike will push up production costs. Industrialists and trade body leaders expressed deep concern over the decision.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Rubana Huq said gas bill now will take up around 1.5 per cent of the manufacturing cost. A 38 per cent increase in gas price means almost 1 per cent rise in production cost, she said.

Meanwhile, there have been suggestion to the government to raise gas price in phases, which may mitigate the pressure.

The leather sector, the second largest export earner after the apparel industry, will also face competition as the price of raw materials will go up.

The business class has also called for a long-term policy on gas and electricity so that investments can be made with a sustained and futuristic aim. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Retail | On 21st Sep 2021

US clothing stores sales up 0.1% MoM, 36.6% YoY in August: NRF

Retail sales in the US increased during August as consumer demand...

Pic: Shutterstock

Apparel/Garments | On 21st Sep 2021

Research paper urges Kenya to cultivate new export markets

To diversify its exports and markets, Kenya should endeavor to raise...

Pic: Shutterstock

Textiles | On 21st Sep 2021

Pakistan's textile & apparel exports rise 28.67% in July-Aug ’21

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Water stewardship, Stakeholders

Water stewardship

Water use efficiency remains relatively unexplored

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Chendhuran Sundar,

Chendhuran Sundar

It manufactures and retails menswear garments in India under the brand...

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Seth Casden, Hologenix

Seth Casden

Hologenix is a material sciences company dedicated to developing products...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit

The Indian Technical Textile Association (ITTA) is the only association of ...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj

Samshek is a fashion forward tech brand which combines digital experience...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

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

September 2021

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

Advanced Search