Dhaka, May 27 -- As energy intended for industrial use is diverted to electricity generation and fertiliser production, mills and factories are struggling to maintain even minimal capacity.
Our newspaper on Monday reported that the situation is dire, with reports indicating that nearly 400 gas-dependent factories are operating at a mere 30 to 40 per cent capacity in major industrial zones such as Gazipur and Narayanganj.
The implications of this crisis are staggering. With production in key sectors like knitwear and readymade garments plummeting by 70 to 90 per cent, the risk to over $70 billion in investments is alarmingly real.
Factory owners are grappling with cancelled export orders and rising layoffs, pushing many to the brink of cl...