Foreign buyers have so far cancelled orders worth $3.15 billion in the wake of the novel coronavirus crisis, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), which recently said 1,134 factories have reported that 975.
2 million pieces of readymade garments (RMG) worth $3.15 billion have either been cancelled or held up.
These cancellations will affect nearly 2.
25 million RMG workers, it said. “We’re facing a dire situation.
All the buyers from different places, countries, and continents are suspending the orders,” Rubana Huq, BGMEA President said in a video message.
BGMEA and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) announced closure of all factories until April 25 in a joint statement recently, urging factory authorities to inform respective trade bodies if any factory office remains open for disbursing wages and other payments during the period.
