The readymade garment manufacturers in Bangladesh supplying to retailers and brands from across the globe, are expecting moderate apparel export in the coming year as sales in the Western world continues to gather pace amidst falling inflationary pressure.
According to the media reports, the concerned apparel exporters expect a modest growth in the coming year.
Speaking to the media, Managing Director of Narayanganj-based Plummy Fashions, Md Fazlul Hoque, said that apparel export will be moderate while adding the real recovery was expected to start from March.
“There will be moderate growth at the end of next year even in the difficult time of war,” reportedly underlined the MD of Plummy Fashions, a sentiment, which was also echoed by the Chairman of Envoy Textiles, Kutubuddin Ahmed, who went on to add that ‘people started adapting to a new normal as they are going through the severe impacts of war and inflation.’
“Everybody is getting ready keeping in mind that this is wartime,” reportedly maintained Kutubuddin even as he opined said domestic issues such as uninterrupted gas and power supplies, political stability, and low bank interest rates ought to be maintained to gain the global market share even in this tough time of war.