Bangladesh garment exporters fear $1bn losses after huge airport fire
Summary
The fire at Dhaka’s Hazrat Shahjalal International Airport destroyed a major cargo area, causing significant losses to Bangladesh’s garment industry. The fire affected raw materials, apparel, and product samples, potentially resulting in losses of up to $1 billion. The incident damaged air shipments crucial for securing future business, impacting the country’s vital garment exports.Key Facts
- A fire occurred in the cargo complex at Dhaka’s biggest airport, Hazrat Shahjalal International Airport.
- The blaze destroyed raw materials, apparel, and product samples crucial for garment exporters.
- Estimated losses from the fire could reach up to $1 billion.
- The incident threatens future business in Bangladesh’s garment industry, valued at $47 billion annually.
- The airport cargo area handles about 600 metric tons of dry cargo daily, doubling during the peak season.
- The cause of the fire is not yet known and is under investigation.
- This fire is the third significant fire in Bangladesh within a week.
- Bangladesh is the second-largest apparel exporter in the world, employing about four million workers.
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