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RMG export target may be missed this fiscal year: BGMEA

rmg export target
BGMEA President Faruque Hassan was speaking at a press conference his office in Dhaka on Sunday. Photo: Star

Bangladesh may not able to achieve the apparel export target set for the current fiscal year because of the energy crisis, fall in work orders, and higher inflation in European countries, BGMEA President Faruque Hassan said today.

If the current trend of apparel shipment continues, the export goal of $46.80 billion may not be achieved, he said at a press conference at the office of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in Dhaka.

Garment export receipts fell by 7 per cent in September and 20 per cent in October.

"The earnings may fall in November if the energy supply situation at factories does not improve and the Russia-Ukraine does not come to an end," he said.

"As a result, the export target at the end of the current fiscal year may not be achieved."

Last fiscal year, Bangladesh shipped garment items worth $42.61 billion, according to data from the Export Promotion Bureau.

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RMG export target may be missed this fiscal year: BGMEA

rmg export target
BGMEA President Faruque Hassan was speaking at a press conference his office in Dhaka on Sunday. Photo: Star

Bangladesh may not able to achieve the apparel export target set for the current fiscal year because of the energy crisis, fall in work orders, and higher inflation in European countries, BGMEA President Faruque Hassan said today.

If the current trend of apparel shipment continues, the export goal of $46.80 billion may not be achieved, he said at a press conference at the office of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in Dhaka.

Garment export receipts fell by 7 per cent in September and 20 per cent in October.

"The earnings may fall in November if the energy supply situation at factories does not improve and the Russia-Ukraine does not come to an end," he said.

"As a result, the export target at the end of the current fiscal year may not be achieved."

Last fiscal year, Bangladesh shipped garment items worth $42.61 billion, according to data from the Export Promotion Bureau.

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বাংলাদেশে গুমের ঘটনায় ভারতের সম্পৃক্ততা খুঁজে পেয়েছে কমিশন

কমিশন জানিয়েছে, আইনশৃঙ্খলা রক্ষাকারী বাহিনীর মধ্যে এ বিষয়ে একটি জোরালো ইঙ্গিত রয়েছে যে, কিছু বন্দি এখনো ভারতের জেলে থাকতে পারে।

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