The rise in exports in July and August helped Bangladesh post a 7.23 percent growth in the first quarter of 2017-18 fiscal year, but missed the target by around 3 percent. In the first quarter, readymade garment sector contributed to around 82.5 percent of total exports, with a nearly 10 percent growth. After the Export Promotion Bureau published the data on Sunday, Bangladesh Garment Manufacturers and Exporters Association’s Senior Vice-President Faruque Hasan told bdnews24.com that the exports dropped in September because the factories were closed for eight to 10 days during Eid-ul-Azha. “Our competitors like India, Vietnam, and Cambodia are giving many incentives to the garment sector for raising exports. Exports in the last financial year amounted to $34.59 billion, which was 3.39 percent more than the previous year, but against a target of $37 billion.

Source: bd News24 October 08, 2017 15:00 UTC