Apparel export growth slumps due to labour unrest
Dec '06
S M Fazlul Hoque, President, Bangladesh Garment Manufactuers and Exporters Association, stated that due to unrest, global firms hesitated to buy from the country, hence the garment industry lost big export orders. They were diverted to competitor country Vietnam, whose export orders rose 40 percent in this period.
Sources informed that during October, growth in exports of woven clothes decreased from 31 percent to 22.7 percent and knitwear slowed down from 35 percent to 30.14 percent. Both these bring in maximum foreign exchange.
Exports of home textiles, handicrafts, ceramics, petroleum by-products and shoes shot up during the same period, while that of jute products dropped. Unrest has caused much damage to the apparel sector.
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