To overcome the current difficult realities and challenges, the president assured the BGMEA delegation that he would discuss the matter with the relevant government ministries and authorities and provide the necessary policy support to ensure the industryβs sustainable development and protection.
A delegation of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) board, led by its president, Mahmud Hasan Khan, met President Mirza Fakhrul Islam Alamgir at Bangabhaban on Wednesday.
The meeting discussed the overall situation of the ready-made garment (RMG) sector, a key driver of the national economy, emerging challenges, strengthening Bangladeshβs position in international markets and various policy issues related to protecting domestic industries.
Thanking the current government for its various forward-looking and industry-friendly measures to promote domestic industries and businesses, the BGMEA president said decisions such as extending the LDC graduation timeline in view of global economic realities, providing a special BDT 200 billion financing facility to reopen inactive and closed garment factories, facilitating the procurement of bonded raw materials and direct exports for non-bonded factories, and simplifying customs procedures had particularly encouraged industry entrepreneurs.
During the meeting, the BGMEA president briefed the president on the current difficult realities and challenges facing the RMG sector.
The president listened attentively to their views and described the garment industry as one of the main βbackbonesβ of the national economy.
He said Bangladesh needed to overcome these temporary difficulties and retain its leading position in the global market for RMG products. To this end, he assured the BGMEA delegation that he would discuss the matter with the relevant government ministries and authorities and provide the necessary policy support to ensure the industryβs sustainable development and protection.
