Slow internet speed a heavy blow to businesses

The recent internet shutdown and subsequent slow internet speed has dealt a heavy blow to the garment export industry. The garment sector, the backbone of Bangladesh's economy, operates on razor-thin margins and relies heavily on efficient communication and timely logistics. The abrupt internet cutoff disrupted supply chains, hindered order processing, and eroded the trust of international buyers. As reported, global apparel giants are growing increasingly apprehensive about the reliability of Bangladesh as a production hub.

Beyond the immediate financial losses, the long-term implications of this crisis are equally alarming. The risk of losing the GSP+ trade benefits in EU market, which is tantamount to an economic lifeline, looms large. If Bangladesh fails to demonstrate stability and reliability, it could face a mass exodus of buyers, leading to job losses and a decline in foreign investment.

To salvage the situation, the government must take immediate steps to restore normalcy. This includes ensuring uninterrupted internet access, streamlining customs procedures, and providing financial incentives to exporters to offset their losses. Moreover, a comprehensive review of the government's crisis management protocols is essential to prevent similar disruptions in the future.

Bangladesh's garment industry has shown remarkable resilience in the face of adversity. However, the current crisis is a test of the government's commitment to supporting this vital sector. It is imperative that policymakers recognise the far-reaching consequences of their decisions and take decisive action to protect the interests of millions of workers and businesses that depend on this industry.

Nazmus Sakib

Gulshan, Dhaka