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The prices of Bangladeshi made apparel items continued to fall since the Rana Plaza building collapse in April 2013 although the prices of cotton, the main raw material for fabrics, increased during the time to some extent.
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Exports declined in the month of November mainly because of poor performance of apparel shipment, in an ominous sign that can thwart Bangladesh’s target to earn $45.50 billion from merchandise shipment in the current fiscal year.
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International Classic Composite Ltd (ICCL) has been facing troubles to invest Tk 250 crore, as the Dhaka’s development authority is not allowing the Bangladesh-Netherlands joint venture knitwear company to use its own land for factory expansion.
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Last month, Monir Hossain, a garment factory owner, missed a deadline for exporting T-shirts to his UK buyer through the seaways.
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Sanofi’s top management has agreed to pay service benefits to employees in the form of gratuity and provident fund before selling off its shares in Bangladesh, said some employees.
