BGMEA told the President that nearly 400 garment factories have closed in Bangladesh over three years, as production costs rose almost 40 per cent.
Inadequate gas supplies, higher energy tariffs, wages and bank interest rates are forcing many factories to operate below half capacity.
Garment exports contracted 1.64 per cent in FY2025-26 and fell 1.92 per cent in July of FY2026-27.BGMEA told the President that nearly 400 garment factories have closed in Bangladesh over three years, as production costs rose almost 40 per cent.
Inadequate gas supplies, higher energy tariffs, wages and bank interest rates are forcing many factories to operate below half capacity.
Garment exports contracted 1.64 per cent in FY2025-26 and fell 1.92 per cent in July of FY2026-27.
