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The knitwear business within the county has lengthy been reeling from inadequate fuel provide, which is now inflicting this important export sector to overlook out on potential export earnings price $2 billion (Tk 18,000 crore) a yr.
Knitwear exports fetched $20 billion within the July-Could interval of the present fiscal yr — a sizeable 36 % soar from $15.36 within the corresponding interval final fiscal yr, in accordance with the most recent EPB knowledge.
Though knitwear is without doubt one of the most profitable export-earning sub-sector in Bangladesh, this longstanding situation of insufficient fuel provide can also be inflicting some knitwear factories to incur heavy losses whereas some are going through closure.
Knitwear manufacturing facility house owners have repeatedly approached completely different ranges of the federal government demanding enough fuel provide for the business, however the situation stays unresolved.
Even the Bangladesh Knitwear Producers and Exporters Affiliation (BKMEA) did not carry an answer by discussions at numerous ranges of presidency.
Fazlee Shamim Ehsan, vice-president of BKMEA, instructed, “Now we have met greater than as soon as with the federal government and stakeholders on the difficulty. After every assembly, the fuel provide will get higher for a couple of days, then it returns to the identical sorry state.”
Ehsan’s famous that his personal knit manufacturing facility in Narayanganj is commonly suspending manufacturing as a result of fuel disaster. “Consequently, my manufacturing prices are growing and lacking transport dates.”
He knowledgeable that knitwear export is price round $20 billion a yr. Of this, 10 to fifteen % of manufacturing is disrupted as a result of lack of fuel. “If the difficulty is resolved, the business might usher in a further about $2 billion a yr.”
To be able to provide uninterrupted fuel to industrial institutions within the Narayanganj space, the outdated provide line needs to be modified first, he mentioned, including that it’s also mandatory to put in compressors within the nationwide grid.
Moreover, all types of unlawful fuel strains must be disconnected, which is abound in Narayanganj, Ehsan noticed.
As a result of lack of sufficient fuel, Complete Vogue Restricted, one other absolutely export-oriented knitwear manufacturing facility in Narayanganj, is in monetary ruins and may very well be shut down at any time. Three thousand employees of this gas-dependent composite knitwear manufacturing facility are observing looming unemployment.
The corporate, with a market worth of Tk 300 crore, has been producing readymade clothes and exporting them to Europe and America for over a decade. The corporate was arrange utilizing financial institution loans.
Md Kabirul Islam, supervisor (administration) of Complete Vogue on Could 23 despatched a letter to the vitality secretary, chairman of Petrobangla and managing director of Titas Fuel Firm to make sure uninterrupted fuel provide.
The letter detailed the plight of Complete Vogue and the extent of losses it’s incurring as a result of lack of fuel provide. It talked about that within the final six-seven months, the corporate has suffered a lack of round Tk 46.5 crore.
Titas Fuel Narayanganj workplace’s Deputy Managing Director Imam Uddin Sheikh confirmed receiving the letter from Complete Vogue.
“The manufacturing facility is positioned on the very finish of the pipeline and the transmission line is 4 inches in radius. Consequently, fuel doesn’t attain the manufacturing facility when stress is low,” Sheikh knowledgeable in reply.
On the time of establishing the manufacturing facility, the corporate didn’t comply with Titas’s directions to put in the transmission line at a higher radius, he added.
Proper now, Sheikh mentioned, it’s not technically doable to unravel this drawback earlier than laying a 20-bypass pipeline.
Nonetheless, he admitted that the opposite approach to enhance the state of affairs a bit is to take away all unlawful connections within the space.
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