The significant growth in retail sales during various shopping festivals including Black Friday, Cyber Monday, Christmas Day and Boxing Days is expected to boost the apparel sourcing from Bangladesh, says Faraque Hassan, President, BGMEA.
Bangladesh’ is expected to regain buyers’ confidence following these festive events with more buyers placing orders in the coming days.
Western consumers are also expected to resume shopping by next quarter, Hassan hopes, He urged the government to simplify business processes, control corruption in government office and implement mega projects with speed.
He also urged the government to ensure an uninterrupted supply of gas and electricity to maintain shipment datelines for exporters. Besides, he called for a policy to provide tax benefits for investing in solar energy and certain banking-related policies to ensure their capacity and strengthen backward linkages.
