Dhaka, Feb. 2 -- Umpteen adversities like global demand fall, high cost of production and US dollar problems have forced closure of a good number of garment factories across Bangladesh, sources in the export industry said.

Besides, financial crisis fueled by sluggish global demand and banking complexities also weighed in to cause the factories to go bust since the beginning of the year 2023.

Most of such factories are small and medium in size. And a good number of those that export goods failed to survive owing to losses they incur because of the currency-exchange-rate gap, according to exporters.

Apparel exporters have found 2023 as a tough year for them, although some of them see a silver lining on the horizons about improvements in ...