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Coronavirus caused only 36 crore 65 lakh garments in April. Break. How low amount, to look at the April 2019 issue understand it. It was in the month, exports of $ 242 million. That is that exports fell 84 percent last month.
Citing the National Revenue Board (NBR), BGMEA, an association of homeowners in the garment industry, said this on Sunday. Buyers are likely to call everyone who looks appropriate, if there are only a few. The clothing factory was also closed for a month. As a result, the export of ready-made garments has decreased at a dizzying rate.
Apparel exports have been declining since March due to the coronavirus. Even after that, garments worth Rs 225 million were exported in that month. However, it is 20 percent less than in March last year. This was the worst for the clothing sector in the first nine months of the current financial year. But in the end, April beat March. In one month, garment exports fell by 69 1.69 billion.
According to BGMEA, garments worth জুলাই 331 million were exported in July, ০ 240 in August, ৪ 234 in September, ২ 252 in October, ১ 251 in November, ৩ 293 in December, ৩ 303 in January, ৩ 28 in February , ৫ 225 in March and ৬ 368.5 million in April. In the first 10 months of the fiscal year (July-April), clothing exports totaled ৪ 2,440 million.
Blocking situations exist in many countries of the world to prevent coronavirus. Shoppers and brands began canceling and suspending clothing orders beginning in the second week of March when stores closed. According to the latest BGMEA data, orders for 960 million garments from 1,150 factories have been suspended and canceled. The export of garments worth 316 crore dollars or 26 thousand crore taka is feared to be affected.
However, H&M, a Swedish-based retailer, announced that it would accept ready-made garments at its designated factory. Several consumer organizations and brands, including PVH, Target, Gap & VF Corporation, Inditex, Tesco, Kyabi, LPP, indicate that much will follow that path. However, some brands have demanded discounts, clothing exporters said.
Fazlul Haque, former chairman of BKMEA, an association of owners of the net clothing industry, told Prothom Alo that apparel exports in the current financial year could be less than £ 600m due to Corona. However, clothing exports will increase in May this year compared to last April. He said that although the quantity is less, buyers are placing new orders. Because the current purchase orders will start selling from November. Buyers are buying with the expectation that the situation will improve in those days.
Regarding orders that have already been canceled or postponed, Fazlul Haque said there is great uncertainty about orders that have been canceled or postponed. At this time it is unknown what he will do after leaving the position. Because fashion changes every season.
According to the Export Promotion Office (EPB), apparel exports totaled .1 34.13 billion in the last fiscal year 2018-19. In the first nine months of the current financial year (July-March), clothing exports totaled ৪ 2.41 billion. This is 8.12 percent less than the same last fiscal period. How low it is at the end is something to see now.
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