Factories are now operating normally, thanks to efforts from the government, law enforcement, labor leaders, and the Bangladesh Garments Manufacturers and Exporters Association. Despite some orders shifting to regional competitors like India and Vietnam, BGMEA President Khandoker Rafiqul Islam highlighted that only 5%-6% of exports were affected. Many exporters, including Sparrow Group and Giant Group, are receiving more orders than their capacity can handle, driven by economic recovery in major markets like the USA, UK, and Germany.
However, challenges remain. Around 400 factories lost about 15 days of production, and some are struggling to pay wages. The BGMEA has requested government support, including soft loans and a temporary halt on utility disconnections. Additionally, energy shortages, such as gas supply issues, hinder production.
BGMEA has accepted labor demands to restore stability, and the organization is meeting with buyers to reassure them. Looking ahead, exporters expect significant growth in orders if the government addresses issues like utility supply and customs procedures. The BGMEA also seeks US duty benefits for man-made garments, potentially leveraging Chief Adviser Muhammad Yunus to secure favorable trade terms.
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