Bangladesh garment exporters fear $1bn losses after huge airport fire
Briefly

Bangladesh garment exporters fear $1bn losses after huge airport fire
"A fire that decimated a cargo complex in Bangladesh's largest airport has caused devastating losses to garment exporters during the peak export season. The blaze which ripped through the cargo import area of Dhaka's Hazrat Shahjalal International Airport on Saturday afternoon gutted storage areas holding huge quantities of raw materials, apparel and product samples belonging to exporters. Onlookers gather as firefighters try to extinguish the fire at Dhaka airport [Maruf Rahman/AFP]"
"Among the destroyed goods are urgent air shipments, including garments, raw materials, and product samples, added Inamul Haq Khan, senior vice-president of BGMEA. He warned that the loss of samples could jeopardise future business in the country's crucial garment industry, worth $47bn per year. These samples are essential for securing new buyers and expanding orders. Losing them means our members may miss out on future opportunities, he said."
The fire destroyed cargo import areas at Dhaka's Hazrat Shahjalal International Airport, gutting storage that held large quantities of raw materials, apparel and product samples. Damage to urgent air shipments is estimated at up to $1 billion. The loss of product samples threatens future business and order expansion for garment exporters in a $47 billion-a-year industry. The airport cargo village is a major logistics hub handling more than 600 metric tons of dry cargo daily, doubling in the October–December peak season, with 200–250 factories sending products by air each day. Firefighters extinguished flames while officials assess damage and an investigation into the cause is under way.
Read at www.aljazeera.com
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