** Cyclone ‘Gulab’: Warning signal 2 issued for maritime ports ** Where is the need for Narcotics Department? ** Those tarnishing country’s image are people’s enemy: PM ** Workers of a readymade garment (RMG) factory stage a demonstration in the capital's Mirpur area on Saturday demanding payment of their arrears. ** Cop killed by ‘drug addict’ in Rangpur ** Maritime ports asked to warn vessels of depression over Bay ** Three killed in Netrakona road crash ** Lack of data and access to resources are major challenges ** Narcotics department is to crack down 3,500 listed drug dealers in Dhaka ** Tangail road crash kills three ** Five girl students contract Covid in Thakurgaon school ** Looting of banks won’t change unless the government changes ** Police charge baton to disperse protest by deceived Eorange customers who were attempting to occupy the Matsyabhaban intersection on Thursday. ** Thousands flee Myanmar town after clashes with junta troops ** Schoolgirl dies with Covid symtomps in Manikganj ** BNP leader Nazrul Islam hospitalised ** Man held with 25 gold bars at Dhaka airport ** Two die in Naogaon road crash ** Is the delta variant of the coronavirus worse for kids? ** 50 lakh Sinopharm doses arrive in Dhaka ** Why gas only, their crisis is multiplying everywhere ** A number of children admitted to Thakurgaon Adhunik Hospital for cold-related diseases compelled to stay along with their parents outside of the hospital due to lack of beds. This photo was taken on Wednesday. ** Biden pledges 500m jabs for developing nations ** Another case filed against Evaly CEO, Chairman ** Narayan Khadka appointed Nepal's foreign minister **

BGMEA seeks support for RMG sector to overcome pandemic challenges

15 September 2021
BGMEA seeks support for RMG sector to overcome pandemic challenges

Business Desk :
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought support of the government for the RMG industry to overcome the impacts of the Covid-19 pandemic and turn around.
A delegation of BGMEA led by its Acting President SM Mannan (Kochi) made the call during a meeting with Senior Secretary of the Finance Ministry Abdur Rouf Talukder at the Secretariat.
Former BGMEA President Md Shafiul Islam (Mohiuddin), MP, BGMEA Vice President Shahidullah Azim, Vice President (Finance) Khandoker Rafiqul Islam and Director M Ahsanul Hoq were also present at the meeting.
The BGMEA leaders said the export-oriented apparel sector is still passing through tough times prolonged by the second wave of the Covid-19 in the country. Moreover, major export markets of Bangladesh, including Europe are yet to get back to fully normal state.
It was expected that the apparel sector could turn around with improvement in the pandemic situation but the surge of new variants and infections put the industry in challenges again, they added.
They requested the government to extend the payback period of the loans under the Covid response stimulus package from the existing 18 months to 36 months to help the sector to overcome the hurdles.
They urged the government to write off all debts, interest, and cost of fund charges for the 133 sick RMG factories, taking them into special consideration.
The BGMEA leaders also called for exit policy for businesses who want to shut down their businesses safely, as similar to Chapter 11 which exists in most of our competing countries.
They requested the government not to treat compliant units of a group of companies as loan defaulter for loan defaulting by any of its concerns, as other profitable and compliant enterprises of the group would be affected due to it.

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