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BGMEA seeks policy support for RMG to retain competitiveness

BGMEA organized a press conference to brief the media on the overall situation of the RMG industry ahead of Eid-ul-Fitr.

While speaking at the press briefing BGMEA President Faruque Hassan said that the whole world is going through a tough time due to the pandemic which has also hit hard the RMG industry of Bangladesh.

He said, “Our garment exports unprecedentedly declined by 18% in the last fiscal year and decreased by 8.72% in the first 10 months of the current fiscal year.”

BGMEA-policy-support-RMG-competitiveness
Figure: BGMEA organized a press conference to brief the media on the overall situation of the RMG industry ahead of Eid-ul-Fitr.

The garment factories are still struggling to survive and recover from the losses and shocks created by the pandemic. Prices declining has been continuing over the last few months, he informed.

Faruque Hassan said, “We have been able to avert a severe disaster thanks to the prudent and visionary leadership of Honorable Prime Minister Sheikh Hasina. Despite challenges, we have been able to keep garment factories running by following health safety guidelines. It helped to avert a severe disaster in the country’s economy.”

He sought policy support of the government to overcome the impacts of the pandemic and retain competitiveness in the global market.

The BGMEA President thanked all RMG entrepreneurs for making payment of salaries and bonuses to the garment workers despite all the limitations and challenges.

About 97.54% of the BGMEA member factories have paid salaries for April as of April 11 while 99% of the factories paid have paid bonuses to the garment workers, he informed.

BGMEA Senior Vice President S.M. Mannan (Kochi), Vice President Md. Shahidullah Azim, Vice President (Finance) Khandoker Rafiqul Islam, Vice President Miran Ali, Vice President Md. Nasir Uddin, Directors of BGMEA Md. Mohiuddin Rubel, Md. Khosru Chowdhury and Rajiv Chowdhury were present at the press briefing.

BGMEA First Vice President Syed Nazrul Islam and Vice President Rakibul Alam Chowdhury also joined the press briefing virtually.

If anyone has any feedback or input regarding the published news, please contact: info@textiletoday.com.bd

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