Trouble in the RMG sector?
It is a very common phenomenon for the number of orders to decline during June-August in the RMG sector. But in the last two years, that decline has been more significant. Normally, garment factories remain without too much work for one or two months during this time. After that, things normalise and companies go back to running at great speed.
This year the situation has deteriorated alarmingly. Many factories are not running for eight hours. Garments have been manufactured earlier than buyers’ schedule because of a lack of upcoming orders.
So in the near future, factories have a lot to worry about. The US and the UK are important markets for Bangladesh. But orders from there are not coming as they used to before.
If the number of orders continues to go down, it could badly impact our economy. The government should be wary of this emerging problem.
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