If current spell of violence goes on in RMG sector, orders from international buyers may shift to alternative destinations and thus the country may also lose foreign direct investment (FDI), said Dhaka Chamber of Commerce and Industry (DCCI).
DCCI in a statement on Wednesday said, if this kind of violence is not stopped right now, it will affect the whole industry which will cause a serious damage to the country’s economy.
DCCI expressed its deep concern over the labour unrest and violence in the RMG sector that has been “taking a heavy toll” on the export earning apparel industry.
DCCI said recently the garment industry is facing a setback due to the ongoing unrest and unwarranted attacks on different established
garment factories in Savar, Tongi, Ashulia and Gazipur area. NEO Zipper Company Ltd. — a company with foreign investment, situated in Tongi, Gazipur was also attacked today (Wednesday) like many other factories earlier.
“If this kind of violence is not stopped right now, it will affect the whole industry which will cause a serious damage to the country’s economy, DCCI said.
The statement added: “If the RMG industry falls in peril, it will bring misery to both factory owners as well as workers. So, it is the duty of all to protect this big industry for the sake of country’s greater interest.”
The DCCI urged all concerned to come forward for resolving the ongoing crisis and demanded of the government to take stern action against the people involved in vandalism.