Energy crisis curtails production in Bangladesh
Industry body the Bangladesh Textile Mills Association (BTMA) has said that export-oriented mills across the country are cutting or even halting production owing to fuel shortages.
A knock-on effect of this, BTMA said, is that spinning, weaving, dyeing, printing, finishing, and knitting operations that have reduced production are now no longer earning enough to pay workers’ and other costs.
The organisation said another consequence of this production slow-down could be that the Bangladesh textiles industry will miss its export target of $60 billion for the current financial year.