Global retailers cancelling, delaying work orders: BGMEA

International retailers and brands have been cancelling, delaying or putting work orders on hold in garment factories because of volatile global economic situation and for unsold stockpiling of the clothing items in the stores.

Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), shared the information in a press meet at the BGMEA office in Dhaka today.

Hassan demanded for stern action against the miscreants who are involved in theft of export bound goods laden cargo trucks on the Dhaka-Chattogram highways.

If necessary the law should be amended to make tough provision to punish the thieves who are involved in robberies of goods laden cargoes on the highways as such incidents downgrade the image of the country and the sector to the international communities.

He reiterated the government for staggering gas and power prices as the recently hiked prices will create an extra burden on the cost of production to be competitive in the global markets.