Related Keywords: Bangladeshi readymade garment sector, BGMEA, BKMEA, BTMA, cancellation of orders, delay in shipment, export target, extra burden of air freight, incur loss, non stop political unrest
The Bangladeshi readymade garment sector has incurred huge vandalism caused by the non-stop political unrest beginning from January 6. In the last 35 days the RMG sector has incurred a loss of Tk21,711 crore due to cancellation of orders, extra-burden of air freights and delays in shipments.
According to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) estimate, the apparel sector faced the order cancellations worth Tk10,000 crore while it had to spend additional money of over Tk918 crore for air shipments.
