Oven garments export income declining for 18 months

Oven garment export revenue has been declining for 18 consecutive months. She is in a better position than she is. Entrepreneurs say that net garments are benefiting the export market due to the supply of local raw materials; This is where the oven sector lags far behind. Economic analysts advise to take the domestic textile sector forward to take the ready-made garment sector forward.

Last year’s garment exports did not go well because of Corona. However, the country’s oven garment export earnings have been stuck in the grip of negative growth since August 2019. In the first seven months of the current financial year, the export of woven garments has decreased by 10.85 percent after the end of the fiscal year 2019-20 with a negative growth of 18.58 percent. However, despite a negative growth of 17.65 percent in the last fiscal year, the net income of net garment exports has increased by 3.84 percent in the first seven months of the current financial year.

Entrepreneurs say that the demand for oven garments in Corona has decreased on the one hand and the sector is still lagging behind in obtaining domestic raw materials.

BKMEA vice-president Mohammad Hatem said people from every country, whether Europe or America, are working from home. Demand for this specialty has grown significantly as a result of recent corporate scandals. Covid related garments are being exported in Knit Ware.

Sunbd/NJ