Garment Industry Feels The Heat, Western Retail Giants Cancel Trips To Bangladesh
Garment Industry, economy’s largest foreign currency earner, starts to feel the pressure as international buyers, like global clothing giants H&M, Inditex and GAP, cancelled trips to Dhaka after the killings of two foreigners, said industry insiders. Previously, the United States and Canada have asked their diplomats to be careful about their movements in Bangladesh. Pressure from international community pours in during past weeks after an Italian aid worker and a Japanese man were shot dead a few days apart.
This came as a new blow to an industry that is trying to regain the trust of international buyers after prolonged image crisis due to poor working condition and low security measures in factories in recent years. Garment manufacturers are getting anxious over the cancellation of the visits of international clients and worrying that if not fixed quickly this might get the $25 billion garment export sector into another trouble.