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Wednesday, March 26, 2025
Founder : Barrister Mainul Hosein

Gas crisis the main hindrance to industrial production

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The gas crisis that has arisen in the industrial sector, one of the driving forces of the country’s economy, is worrying.

Industrial production is being disrupted due to shortage of gas.

Consequently, significant machinery, especially in garment factories, is not properly running.

These factories, inside sources said, are facing financial losses as they are unable to produce at their full capacity.

Industries are counting 30 to 50 percent production losses for the last couple of months.

Already nearly one hundred factories have been closed. As a result, around 62 thousand workers have been unemployed.

They are protesting almost every day, blocking roads, for various demands.

Although exports of goods have decreased due to production losses, imports of raw materials have increased.

In this circumstance, the process of doubling the price of gas for factories has begun.

If the gas price increases, a situation will be created where new investments will not come.

We want that urgent steps must be taken to resolve the problem.

If gas is not available as per demand, the country’s main export sector, the garment industry, will reach a state of no return.

We believe that a solution to the gas problem is essential for the country’s economy.

The fear of entrepreneurs cancelling export orders due to the gas crisis cannot be dismissed.

If the gas problem is not resolved quickly, it is bound to have a negative impact on the overall economy.

Energy experts say the gas crisis will not go away anytime soon. In the past, the government was more interested in importing gas than exploring domestically.

They have repeatedly stressed that oil and gas exploration must be carried out on an urgent basis, otherwise the country may face a gas crisis in the near future.

We have seen that a public hearing has been held on the proposal to more than double the price of gas for the industry.

Those involved in the garment industry have said that in the current economic situation, increasing the gas price will make it difficult for the industry to survive.

There are many ‘system losses’ in the case of gas. If we can reduce them, there will be no need to increase the price.

We know that efforts are being made to take garment exports to $100 billion.

For this, it is necessary to establish new factories and expand old factories, while anarchy in this industrial area due to gas shortage is unacceptable. An increase in gas prices will be a death blow for the industry.

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