Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought support of Bangladesh Bank (BB) for the RMG industry in its struggle to overcome the impacts of the Covid-19 pandemic and retaining its competitiveness in the global market, said a press release.
A delegation of BGMEA led by its President Faruque Hassan made the call during a meeting with Bangladesh Bank Governor Fazle Kabir at BB office on 6 Sunday.
The BGMEA delegation included Senior Vice President SM Mannan (Kochi), Vice President Md. Shahidullah Azim, Vice President (Finance) Khandoker Rafiqul Islam, Vice President Rakibul Alam Chowdhury and Directors.
BGMEA President Faruque Hassan said the RMG industry is going through tough time due to an unprecedented crisis caused by the Covide pandemic.
He expressed thanks to the Bangladesh Bank for coming forward with policy support for the garment industry when it fell into deep trouble following the outbreak of the pandemic – at a time when the sector needed it most.
Given the situation, the support of Bangladesh Bank in terms of simplification and relaxation of financial policies pertaining to the RMG industry would help the sector to address the challenges and turn around, he added.
