By MUNWAR HURAIMI | THURSDAY, May 23, 2019 08:08:57Bangladesh has been struggling with a massive manufacturing sector slowdown for years, and now that it’s finally entering its fourth year of recession, it’s not surprising that the country’s textile industry is struggling as well.
Industry analysts estimate that the textile industry lost $300 million in 2017 alone.
The country is already struggling to cope with the costs of pandemic-related import restrictions that were put in place by the international community, and that’s not expected to improve.
Bangladeshi textile exports to the US have also suffered, as have its exports to Bangladesh’s other neighbours, including China, India, and Pakistan.
The country’s economy is currently at a post-crisis high, and with the economic downturn, it needs to turn around quickly to prevent the textile sector from turning into a source of jobs for many people in the country.
The Bangladesh Nationalist Party has been pushing for a return to its textile manufacturing roots for a long time, but has struggled to gain traction on this front.
The party’s current leader, Khaleda Zia, has not always been so enthusiastic about the countrys textile industry.
Zia has also been outspoken about the importance of exporting the country and its products to foreign markets, and has also come under fire for not doing enough to help the country with its textile industry problems.
She has faced a series of criticism for her policies during the last year.
In a recent interview with Reuters, Zia said the textile industries’ plight was not just the result of the pandemic, but also the result.
The textile industry has always been a problem in Bangladesh, but the problem is now getting worse, Ziam’s statement was quoted as saying.
The manufacturing sector is in a tough situation.
I have not been able to see a solution to the textile manufacturing problem.
So I have been asking the government to help and provide all the assistance it can.
It will not be enough, Zi says.
The government has yet to respond to the comments.