Orders worth $3.15 bn cancelled so far: BGMEA

International prospective buyers have so significantly cancelled orders truly worth $3.15 billion in the wake of the novel coronavirus crisis, according to the Bangladesh Garment Makers and Exporters Affiliation (BGMEA), which a short while ago reported 1,134 factories have reported that 975.two million parts of readymade clothes (RMG) truly worth $3.15 billion have both been cancelled or held up.

These cancellations will have an effect on just about two.twenty five million RMG staff, it reported.

“We’re facing a dire scenario. All the prospective buyers from different sites, countries, and continents are suspending the orders,” BGMEA president Rubana Huq reported in a video concept.

BGMEA and the Bangladesh Knitwear Makers and Exporters Affiliation (BKMEA) announced closure of all factories till April twenty five in a joint statement a short while ago, urging factory authorities to tell respective trade bodies if any factory office continues to be open up for disbursing wages and other payments all through the interval.

Fibre2Fashion News Desk (DS)