Six major buyers/brands including H&M, Inditex, M&S, PVH, Target and KIABI have assured to support Bangladesh’s RMG manufacturers in these tough times of COVID-19 by not cancelling their orders. On the other hand, India is not so lucky in this regard as so far only H&M has assured similar support to Indian apparel exporters. It is imperative to note that all the aforementioned six brands/ companies are also sourcing from India in a big way and cancelled existing orders have created panic among Indian apparel exporters.
H&M has assured its Bangladeshi vendors that they will receive payment for orders that have already been manufactured. The brand sources around S $ 4 billion of apparels from more than 225 manufacturing facilities of Bangladesh.
Inditex is also not walking away and are taking all that’s being produced. PVH has sent a clear confirmation of taking everything. Target confirmed with full assurance and reiterated that they would work as partners to come out of the crisis and they had no intention of cancelling any order.
