Tk 40 billion trapped in 150 textile and apparel manufacturing units
About TK 40 billion investment is trapped in 150 textile and apparel manufacturing units because the government has stopped providing new gas facilities. With an export rise of 40%, these facilities are being deprived of such a great market opportunity.
Entrepreneurs warned that unless the government can assure steady supply of gas and electricity that it could cause a negative impact while the country is enjoying the benefit of a China shift. Many warned that if orders are turned away that buyers may turn to other countries from which they might not return.
Mr Fazlul Haque, former President – Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) said, “It has a great impact on textile production.
Meanwhile the government has hopes to resolve the problem within the next six months. If it is solved at least the tk 40 billion investment will be released and could contribute to the exports of the country.
