The gas crisis in Bangladesh is showing little signs of improvement. Businesses in the country are now staring at increasing losses.
Media reports maintained this citing industry people.
As per the President of the Metropolitan Chamber of Commerce and Industry Md Saiful Islam, the current gas crisis has led to increase in production cost of the industrial sector anywhere from 10 per cent to 35 per cent even as the President of the Federation of Bangladesh Chambers of Commerce and Industry Md Jashim Uddin reportedly claimed many small and medium factories of Savar have already been shut down as they cannot continue production because of the gas crisis while the President of the Chittagong Chamber of Commerce and Industry Mahbubul Alam on his part suggested exploring gas in the Bay of Bengal to address the gas crisis.
Meanwhile, Director of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Md Akhter Hossain Apurbo reportedly said profits from the sale of knitwear items fell to almost zero because of a five per cent rise in production cost from the shortage of gas even as leading textile producer and garment exporter Ha-Meem Group has reportedly been unable to run production in its mills and factories at night over the last one and a half months because of a crisis of gas, reports added.
