Textile Industry is the main foreign remittance earning sector for Bangladesh. This industry suffered a lot during the COVID -19 pandemic. Now the industry is trying to recover the gaps. According to many sources it is evident that most of the export-oriented garments factories are packed with business orders up to April 2022. Team Denim Focus talked with different factory owners regarding how to capitalize on this situation and what is the way forward to ensure maximum profit out of it. Syed M Tanvir, Director of Pacific Jeans Ltd and former Director, BGMEA shared his views-
I would say it’s an opportunity and threat at the same time. It’s Opportunity because a lot of orders have been shifted to Bangladesh from other sourcing countries and all the factories who’ve been suffering from Covid crisis can finally have enough orders to recover their losses. However, it’s a threat because it has created a crisis of skilled resources which might eventually lead to unwanted delay and quality failures. That’s why we should take a long term strategic approach towards business sustainability rather than short term business growth.