Bangladesh textile industry loses $400 million

by times news cr

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The textile industry, key sector of the economy Bangladeshlost 400 million dollars after the student revolution which ended with the flight of the prime minister Sheikh Hasina, its leaders declared yesterday, insisting that the situation is now “stable.”

Las 3 thousand 500 factories of clothing represent close to the 85% of the 55 billion of annual exports.

But the July riots caused significant disruption in this key sector of Bangladesh, Muslim majority and with 171 million inhabitants.

Las demonstrations, which began with a student revolt against a quota system in the public sector, left more than 450 dead, including 42 police officers, according to a count based on hospital and police sources. The former prime minister Sheikh Hasina He fled to India on August 5 by helicopter, before hundreds of protesters stormed his residence in Daca, the capital.

An interim government led by Award Nobel Peace Prize Muhammad Yunus took power, but protests persisted in factories as workers demanded jobs and better wages.

“The sector is currently stable after going through a difficult period,” he stated. Khandaker Rafiqul, president of Bangladesh Textile Manufacturers and Exporters Association.

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