Indian Firms Resume Bangladesh Operations After Protest Disruptions

Indian companies are slowly resuming normal operations in neighbouring Bangladesh following disruption linked to deadly anti-government protests that forced Prime Minister Sheikh Hasina to resign and flee to India.

LIC of Bangladesh partially resumed, operations in the country on 8 August when the Nobel Peace laureate Muhammad Yunus took charge of Bangladesh's caretaker government, after closing, its offices for three days.

It has 13 offices in the country and sold nearly 4,500 policies in the financial year ending March 2024.

The unit of the Indian government-backed LIC, however, said the situation had "still not reached the stage of normalcy" and "may continue to hamper the operations".

The Indian garment maker, which supplies to global brands including GAP, Macy's and Ralph Lauren, said, opens new tab its factories resumed operations on 7 August with "normal 97 per cent+" staff attendance, after two days of a curfew-mandated shutdown.

It said it was operating 70 per cent of its facilities at full capacity and would resume operations at the rest when it felt more confident about the security of its workers in certain parts of Bangladesh.

It has four plants, in the capital, Dhaka, and Gazipur where it manufactures hoodies, tracksuit pants and other items.

The consumer goods maker, which sells its Parachute brand of hair oil and Saffola cooking oil in Bangladesh, said, on 7 August a majority of its retail sales force and distributors had resumed their work. It expected manufacturing to follow suit soon.

Marico, however, said it remained watchful of the situation and was prioritising the safety of its employees, factory workers and distributors.

The company earned 44 per cent of its international revenues of USD 299 million from, Bangladesh in the fiscal year ended March 2024, and has a distribution network, of more than 770,000 outlets in the country.