41 factories permanently shut in Gazipur
41 factories permanently shut in Gazipur

In the past five months, following the fall of the Sheikh Hasina government, Gazipurs industrial landscape has faced a significant upheaval. Fifty-one factories have ceased operations, of which 41 have been permanently shut. Ten factories were announced as temporarily closed, while another seven...

Factories closing, stagnation in investment
Factories closing, stagnation in investment

With a growing number of factory closures, Bangladeshs economic outlook is becoming increasingly uncertain; also stagnant investment is signaling a broader crisis. Private sector credit has hit a 42-month low, while rising interest rates and a faltering business environment have dampened both...

Apparel industry in deep crisis: 155 factories closed, millions lost jobs
Apparel industry in deep crisis: 155 factories closed, millions lost jobs

The garment, textile, and knitwear sectors in Bangladesh are in crisis, with industry leaders citing the energy shortage, labor unrest, and instability in the banking sector as the primary causes. These challenges have had a devastating impact on the industry. In the past year alone, 140 factories...