Manufacturing News

Factory owners warned that if current conditions persist, nearly half of the country’s textile manufacturers could shut down by 2026, potentially cutting overall manufacturing capacity by around 50%.

Managing Director Moinul Islam Mukul formally informed the authorities of the closure through a written application submitted to the Deputy Director General of the Department of Inspection for Factories and Establishments.

Speaking at a conference hosted by Hyosung at the BGMEA Complex in Dhaka, Inamul Khan-Bablu, Senior Vice President, BGMEA underlined that in order to ensure the industry's long-term success, more attention must be paid to diversified clothing production based on synthetic fibres and other non-cotton materials.

Demand in the United States, Bangladesh’s largest export market, has weakened amid persistent inflation and reduced consumer spending.

Mohammad Mahbubul Hasan, Deputy Inspector General of DIFE, stressed that the inspectorate aims to support factory owners and reduce unnecessary disputes that often escalate due to outside interference.