Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Garment exports surge 50 per cent in August: BGMEA

  

As per BGMEA, Bangladesh's garment exports surged nearly 50 per cent in August as factories swung into full gear to meet orders from global retailers. Shipments of ready-made clothes increased to $3.3 billion. Reinstatement of cancelled orders from retail titans including H&M, Primark and Walmart revived the industry even though Bangladesh is still suffering from the pandemic. Some companies are now looking for thousands of workers to cope with new orders.

In April, Western retailers, who normally buy around $30 billion worth of garments each year, cancelled $3.2 billion-worth orders after the virus forced stores to shut down. This led to 83 per cent decline in apparel shipments in April and more than 50 per cent in May. Because of the pandemic, Bangladesh closed factories for one month from March 26. The 4,500 garment factories employ more than four million workers -- about two-thirds of them women -- and hundreds of thousands were laid off.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo