Even as the garment manufacturers in Bangladesh continue to battle with the fallouts of the coronavirus pandemic, the central bank of the country, the Bangladesh Bank (BB), has underlined that the sector needs to be supported in the long run to recover from the losses induced by the coronavirus pandemic even as it emphasised on product diversification and safe working environment for the workers to overcome the current situation.
BB, in its Quarterly Review on Readymade Garments (RMG): October-December FY’21, published recently, reportedly, made these observations while also recommending expanding the size and tenure of ongoing stimulus packages. It also suggested increasing the number of export destinations (countries).
The central bank, reportedly, underscored the RMG sector, in the first two quarters of the current fiscal year, could recover to some extent from the huge fall in exports that it witnessed in June last year (following the pandemic’s outbreak) as a ray of hope but added because of the second wave of the COVID-19 pandemic, the sector’s export earnings fell short of expectations even as it went on to maintain that the incentive packages being implemented and the vaccination drives launched in various nations across the globe to deal with the existing situation (COVID-19 ) would soon bring about a positive change.
Bharat Tex Special Report 2026 
