Bangladesh's apparel sector may face crisis similar to jute's: BKMEA

At a seminar organised by BKMEA at the Global Sourcing Expo 2025 in Purbachal, BKMEA president Mohammad Hatem said the changes in labour laws for this sector appear to have shown the ‘seeds of destruction’, just the way it happened to the jute sector. The impact will be visible later, he noted.

Calling the reforms ‘deceptive’, he lamented: “We feel somewhat betrayed. We are ready to hand over the keys of our factories within a year to them; we hope they will be able to run the industry as well as they run the government.”

IFIC Bank managing director Syed Mansur Mustafa said the reasons behind the reported closure of 400 factories should be properly probed, according to domestic media reports.

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) administrator Mohammad Abdur Rahim Khan said the narrowness of Bangladesh’s export basket becomes evident during trade negotiations.

ALCHEMPro News Desk (DS)