Tuesday, 19 October, 2021

14-Day Shutdown of Industries

Businessmen voice concern

  • Staff Correspondent
  • 18 July, 2021 12:00 AM
  • Print news
Businessmen voice concern

CHATTOGRAM: Businesspeople have expressed a grave concern over a directive on keeping industries closed for 14 days just after Eid-ul-Azha.

They fear that a stalemate may be created in export and import business if the directive is executed.

In this circumstance, a question has arisen about how the products of export-oriented industries will be exported.

If the factories remain closed, there is also uncertainty whether imported goods will be released through Chattogram port and taken to the factory.

Sources said the import of raw materials from abroad, taking them to industry, production, export of produced goods and marketing them within the country are done through a chain of stage.

 The import and export of the country are closely related to keeping the industries functional, they said.

The businesspeople have feared that the situation may cause container congestion as well as stalemate at Chattogram port.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) First Vice-President Syed Nazrul Islam said the import-export of goods is a cyclic process.

Many government and non-government organizations, including ports, customs, shipping agents, C&F agents, freight forwarders and container depots, are connected with each other, he said.

 “If the industries remain closed, all the agencies including the Chattogram port will be in a state of stalemate,” he feared. The raw materials are brought to the industries when those remain opened and it requires keeping the industries opened for shipment of export goods, he said.

Fearing some complexities to be developed in the 14 days, he questioned that how they will manage the foreign buyers during this period. 

He has observed that Prime Minister Sheikh Hasina has given a chance to the country's garment industry to turn around with a challenging decision during the pandemic situation.

 “So, we also want to have a good solution from her regarding the next shutdown,” said Nazrul.

An official of the port said they sent some proposals to the Shipping Ministry to avert any stalemate.

Some 3,000 to 3,500 imported containers have been delivered from the port during the pandemic, he said.

It will come down to 1,000 to 1,500 if the industries remain shut. The situation can be handled for 10 days and later it will cause the stalemate, he added.