In a recent briefing at the Foreign Service Academy, Shafiqul Alam, the Press Secretary to the Chief Advisor, addressed concerns regarding the impact of factory closures on Bangladesh’s garment exports. He emphasized that, contrary to reports suggesting a decline, the country has actually seen an increase in exports.
Alam responded to media inquiries regarding the closure of 51 factories, stating, “Factories will close and open—this is a natural process.” He provided a detailed overview of the export growth, highlighting a 7 per cent increase in September, followed by a 16-18 per cent rise in October, approximately 22 per cent in November, and around 18 per cent in December.
He pointed out that many of the troubled factories have owners who have abandoned their businesses, leaving behind unpaid debts and burdens. “These owners looted the banks and fled, leaving their workers without wages,” he said, adding that the increase in exports signifies job creation and overall economic growth.
Alam noted the evolution of the garment industry in Bangladesh, mentioning that the country once had 4,000 factories collectively exporting US $ 20 billion, with each factory’s output being relatively modest. Today, he stated, factories have grown significantly, citing the Hamim Group as an example, which alone exports US $ 1 billion.
He also asserted that the government is not manipulating export figures, contrasting the current situation with previous years under Sheikh Hasina’s tenure, where he alleged manipulation was more prevalent. Alam concluded by downplaying the impact of a few problematic factories, noting their minimal contribution to the nation’s total exports.
The remarks come at a time when the garment sector, a crucial part of Bangladesh’s economy, faces challenges but continues to show resilience and growth.
