RMG sector in trouble again amid second wave of corona
18th December, 2020 10:59:17
The second wave of the coronavirus pandemic in the major export markets has put Bangladesh’s readymade garment (RMG) sector into a difficult time once again.
Buyers from top export destinations are holding and deferring new orders from Bangladesh due to the re-imposition of strict lockdowns and slowdown in economic activities.
Apparel makers are apprehending another season of uncertainty in coming days - which has already been reflected in the last two months’ export earnings.
Following the situation, apparel makers are in fear that the contraction mood of buyers would cause them facing another trying time. RMG exporters have sought government’s support to overcome the consequence of a second wave of the pandemic on the country’s largest export earning sector. “Although the RMG sector bounced back in July-September from the corona jolt, the sector once again fell in trouble in Octo