Dhaka, Aug. 9 -- A severe gas shortage has gripped Bangladesh's industrial sector, threatening to derail the country's opportunity to capture a significant portion of the US apparel market left open by new trade barriers on India.
Industry sources say the United States' decision to impose an additional 50 per cent reciprocal tariff on Indian goods has prompted leading American retail giants - including Amazon, Walmart, Target, and GAP - to scale back or halt readymade garment orders from India, according to a report by NDTV. This has created a rare opening for Bangladeshi exporters.
However, the ongoing energy crisis is hampering the sector's ability to meet potential new orders.
From Dhaka to key industrial hubs such as Gazipur, Narayan...