Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has expressed concern over the hike in fuel price saying it will have impact on export growth.
BGMEA President Faruque Hassan told UNB on Saturday that many garment industries will suffer losses and a number of them may face risk of shutting down.
“The export earning target set for this year unlikely to be achieved thanks to hike in fuel price. Garment owners will count loss for already received orders and many factories won’t be able to go for new production. As a result, the export target will not be achieved,” he said.
He said there is gas supply crisis in the factories and those are experiencing load shedding for 5-6 hours as per the government decision to save energy. In this situation, the increase in fuel price is a big challenge for the garment sector, he added.+
