New coronavirus infections are on the rise in various countries of the European Union (EU). Faruq Hasan, president of BGMEA, an association of garment industry owners, said that there is a new fear in the export of readymade garments.
Farooq Hassan said, “In one day, 52,000 people have been infected with the virus in Germany. Infection is on the rise in almost all EU countries, including Austria, Belgium, the Netherlands, Sweden and France. This is definitely a cause for concern for us. ” “Retail sales in Europe have not yet returned to normal,” he said. According to the latest data, retail sales there are 15 per cent lower than in the previous year. If Corona’s blow to her disrupts public life in Europe again, it will hamper our efforts to turn the tide of the garment industry.
Farooq Hasan recently visited the United Kingdom, Belgium and Scotland as the President of BGMEA. BGMEA President Faruk Hasan said this at a press conference held at a hotel in Gulshan on Saturday. He urged garment owners to keep an eye on the new Corona infection in Europe.
BGMEA First Vice President Syed Nazrul Islam, Vice President SM Mannan, Shahidullah Azim, Miran Ali and Khandaker Rafiqul Islam, Director Abdullah Hill Rakib, Managing Director of Denim Expert Limited Mostafiz Uddin and others were present at the press conference. The reason for the BGMEA president’s apprehension about the EU market is that the EU is the destination of about 80 percent of Bangladesh’s total garment exports.
Although corona is on the rise in European countries, so far there has been no impact on garment exports. However, in the first wave of Corona, one purchase after another was canceled in March last year. Buyers also reduced the price of clothing. At present that situation has improved a lot. It was said in the press conference that even with the losses last year, the owners of the garment industry had adopted a strategy to retain the buyers. Its benefits are matching now. However, the price of garments has not increased in proportion to the increase in the price of raw materials.
Meanwhile, the BGMEA president also spoke about the recent diesel price hike. He said the price of diesel has been increased by 23 percent. In that proportion, the cost of transporting goods, generating electricity through generators, and the cost of ancillary raw materials and services will increase our costs by 4-5 percent. Although he gave this calculation in a written statement, he did not directly mention the issue of reducing the price of diesel.
When asked by a journalist about the issue, Farooq Hasan said, “Inflation will increase as a result of increase in diesel price.” The price of goods will also go up. He wished the government a benevolent look at the adjustment of diesel prices in the domestic market as the prices in the world market are reduced.
On the third day of the real estate fair in Chittagong, a crowd of interested buyers was seen on Saturday. However, buyers have flocked to the stalls of established housing companies. The main demand of the buyers was for flats with relatively low prices and more facilities.
The four-day fair started last Thursday at the Radisson Blu Bay View Hotel in Chittagong city. The fair is organized by Real Estate and Housing Association of Bangladesh (REHAB), an association of real estate traders. There are 61 stalls of 47 companies from Dhaka and Chittagong in the fair. Of these, 29 are housing companies. In addition to housing companies, lenders, financial institutions and building construction companies have also taken part in it.