Keeping in consideration the rising production costs and ensure fair pricing to survive the intense competition, garment makers in Bangladesh are thinking about setting minimum prices for apparel products.
Media reports maintained this adding as per industry insiders, garment makers have been complaining about not getting a fair price for a long time even as the competition amongst entrepreneurs within countries has further made buyers indifferent to paying fair prices while, reportedly, adding that if the cost of production has gone up significantly of late due to the rising price of fuel in the international and domestic markets, rising cotton and yarn prices, rising freight rates, etc., on one hand while on the other in order to compete amongst themselves, garment makers have installed machinery with higher production capacities than the demand in the international market and, in absence of sufficient export orders, they have to take orders at any rate due to the pressure of paying wages and utility bills and, in the given situation, it has become necessary to set a base ceiling, they, reportedly, said.
“…the situation is that the more orders we get, the more debt we owe…,” reportedly, maintained BGMEA Vice-President Shahidullah Azim while adding that due to the increased cost of doing business, profit margins have dropped significantly, even to nearly zero in some cases while adding in such a scenario garment makers have to work on the issue of fair pricing.
Bharat Tex Special Report 2026 
