Bangladesh Garment Manufacturers and Exporters Association( BGMEA) organized a press briefing on May 12 to brief the media on the overall situation of the RMG industry ahead of Eid-ul-Fitr.
Newly BGMEA President Faruque Hassan thanked all, including the RMG entrepreneurs, for timely making payments to the workers. He also extended his thanks to the government for taking necessary steps in fighting COVID-19.
Around 99 percent of the garment factories have paid the salary & bonus and the rest will complete the payment by today said, Faruque Hassan
He also said, due to pandemic, exports fell by an unprecedented 18% in the last financial year to the current financial year. In the first 10 months, exports declined by a further 6.62%. The export crisis has reached a climax, especially in the woven sector. Current July-April of the financial year, the export of woven garments decreased by 16.84%,
He requested to re-extend the loan repayment period under an incentive package for payment of workers’ salary allowance. To provide the opportunity to pay through 30 installments in 3 years instead of 18 installments in 2 years. The BGMEA president urged the government to keep source tax at 0.25% from 0.50 % for the next five years in the upcoming budget.
BGMEA newly elected Vice President SM Mannan (Kochi), and Vice President Shahidullah Azim , Khandoker Rafiqul Islam Vice President (Finance); Vice President,Nasir Uddin First Vice President, BGMEA, Syed Nazrul Islam, Vice President, Rakibul Alam Chowdhury ;Miran Ali
BGMEA Directors including, Abdullah Hil Rakib ,Vidiya Amrit Khan, Imranur Rahman ,Asif Ashraf, Mohiuddin Rubel ; Rajiv Chowdhury ; Tanvir Habib; Shovon Islam , Chairman Standing Committee, PR ,BGMEA were present at the press briefing .