As per reports, 319 garment factories in Bangladesh, unable to cope with global competition, are going to shut down.
It is a matter of concern that 618 factories shut down in past three years after their productivities dropped due to various reasons. Now 319 more factories are also going to close down.
The garment sector is facing the challenge of gas and power crisis, high interest rate of bank loans, devaluation of the US dollar, and cut in price of its products.