Due to the pandemic situation, European Union and the world put the effort into textiles, clothes, footwear, and accessories supply chains, in the midst of an ongoing social and climate crisis. On another hand, the COVID has seriously impacted major manufacturing hubs (China, India, and Italy), leading to major supply disorders. Textile industry is the heart of our economy. We have developed our industry a lot and there are so many remarkable developments we have already achieved i.e Green Industry, Compliance Factory, industry best practices etc. Team Textile Focus talked with industry owners and stake holders and took a quick feedback regarding present business situation. Mr. Mahbub Khan Himel, Director, Mithela Group, recently he shared his opinion about recent scenario of RMG industry with Denim Focus..
In this time when the world is stagnating in the COVID situation, the impact of Covid-19 in Bangladesh has largely hampered economic activity, as well as adversely affected demand for textile products abroad and domestic sales. The current situation of the second wave has also affected the availability of orders in the textile sector, but at a moderate and lower intensity than the first Covid-19 wave.
Business prospects in the textile and apparel industry could be a challenge due to supply chain disruptions, availability in containers and high transportation costs. In my opinion, the recovery of Bangladesh textile and garment industry may be delayed and prolonged till 2022-2023 due to the Covid-19 second second wave pandemic case. Now our only prayer to the great Lord is to soon bring us back to normal from this Covid-19 pandemic.
