Why the factories started closing in Bangladesh … There was heavy enmity with India, will Mohammad Yunus be saved?

New Delhi: Bangladesh, who is growing friendly from Pakistan, is finding hostility expensive from India. his/her textile industry is going through a big crisis. This industry is the backbone of the economy of Bangladesh. This is about 84% of the country’s foreign exchange earnings. Many textile factories have been closed in the last one year. Thousands of people have become unemployed by this. After Sheikh Hasina’s coup, Mohammad Yunus, who is handling the country’s work after the coup and enmity with India, is getting expensive for Bangladesh. Know why the garment factory of Bangladesh is sinking? What is the reason for this?

What are the current situation of Bangladesh

According to Bangladesh’s Industrial Police, at least 52 textile factories in Chittagong have been closed in the last six months. The main reason for this is the decrease in work order due to political instability by 25%. Due to this, thousands of laborers have become unemployed. Apart from this, 44 more factory are struggling to pay salary and Eid bonuses. The industrial police has described these factories as at-Risk.

Are the big factories being small

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) says that only 350 of the 611 textile factories registered in Chittagong are still running. Of these, 180 factories are working on foreign orders, while 170 work as sub-contradractor. Sub-contradractor means, who do small work for a large factory.

These are the big reasons, the distance from India is heavy

According to Bangladesh Industrial Police, there is political instability behind all this, which has reduced work orders. So factories are closing. Actually, Bangladesh gets many orders from India. These days the Mohammad Yunus government is increasing the distance from India and friendship with Pakistan. Apart from this, this crisis is also increasing due to automation and workers’ movement. Due to this, the livelihood of millions of people dependent on this region is in danger. However, most factories are still running. It remains to be seen what effect this industry has in the coming time. Do the government and industry together find a way to deal with this crisis?

More than 50 thousand people lost jobs in a year

In the last one year, at least 76 textile factories of Bangladesh have been closed. According to a report by Apparel Resources, it has lost more than 50,000 people. Most of them are women. The owner of the factory and the elder people of the industry are warning that if nothing is done soon, more factory can be closed.

What are the employees behind in automation

The main reason for the closure of factories is the increase of automation in textile factories. Automation means excessive use of machines. Due to this, the work is getting early, but many people have lost their jobs. According to media reports, due to automation, 30.58% jobs in Bangladesh’s textile sector have reduced. Many less educated people, especially women and old employees, are unable to keep pace with new technology. So they are finding it difficult to get a second job.

Why the opposition of the workers is increasing

The protest of the workers worsened the situation. Workers are protesting for more salary, better work environment and arrears of salary. According to Business & Human Rights Resource Center, 183 textile factory factory has been closed due to protests. Many factories have not been able to pay salary on time and workers are demanding proper behavior. Protests have hindered production and delay in shipment, causing buyers from all over the world to buy goods from Bangladesh.

Are Mohammad Yunus not supporting the industry

There is also political instability in Bangladesh. This is also affecting the textile industry. Under the resignation of Prime Minister Sheikh Hasina and the formation of the interim government under the leadership of Chief Advisor MD Younis has created uncertainty. Business leaders have accused the new government of not supporting the industry. Anant Jalil, a big entrepreneur from Bangladesh’s textile sector, has warned that the economy could collapse if the government continues to remove the incentive for textile manufacturers.

Tough competition from Vietnam and Cambodia

Bangladesh is under pressure to modernize its industry due to competition from textile producing countries like Vietnam and Cambodia. A survey by Shimmi Technologies of 2023 found that 80% of the top factories in Bangladesh are planning to invest in semi automated machines within two years. Automation increases production, but this also reduces jobs, because machines replace laborers. The report found that some factories have hoped to reduce their employees up to 22% due to automation.

Can the country’s economic stability be weak

The crisis of the textile industry is having a major impact on the economy of Bangladesh. Many laborers with less jobs, especially women workers, can go into poverty. The closure of factories means a decrease in export revenue, which can weaken the country’s economic stability.