Dhaka, Aug. 9 -- The domestic apparel industry is going to lose price bargaining power as demand has fallen significantly in major economic countries, despite production cost has increased drastically, according to sector insiders.

The industry has witnessed a downtrend in purchasing orders from global buyers in recent times, posing a threat to the country's export growth.

"Growing inflation and possible recession in major economies caused by the Russia-Ukraine war is mainly the reason for downtrend of apparel demand," said BGMEA Vice-President Shahidullah Azim.

"We received orders aplenty after post-lockdown period from its European and US markets to cater to consumer needs. But now we getting at least 20-per cent less orders," he add...