Bangladesh's apparel industry worried over fears of second wave of corona in Europe

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Mumbai, Ta. 20 October 2020, Tuesday

Fear of a second wave of corona in countries such as Europe and the United States has raised concerns among Bangladeshi garment manufacturers and the industry is on the verge of being plunged into an unprecedented crisis.

Bangladesh is the second largest producer of apparel in the world after China. Sources in Bangladesh's apparel industry say international retailers are either delaying new orders or seeking a major reduction in prices because of the corona.

This is a difficult time for us as we are currently taking orders to survive, as claimed by the industry.

We expected big orders to come for Christmas but it didn't happen.

Consumers are demanding 15 to 20 per cent cut in prices. Bangladesh's garment exports fell 19 per cent to ડો 2.7 billion in the fiscal year ended June.

Fifty per cent of Bangladesh's garment exports are knitwear items. With demand for these items improving by less than one per cent in the September quarter, the recovery will be bleak in the wake of the second wave, a Knitwear Manufacturers and Exporters Association official claimed.


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