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Bangladesh apparel makers get reassurance from government

Bangladesh apparel makers are receiving support from the government in an attempt to help them cope with issues such as increase wages. Finance Minister AMA Muhith plans to roll out incentives for apparel manufacturers pertaining to major issues such as increase in salary as per the new wages and political instability leading to become defaulters to banks.

The minister plans to discuss the government’s position with the leaders of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Textile Mills Association.

The finance minister made this announcement during a press briefing after he met Atiur Rahman, National Board of Revenue (NBR) chairman Ghulam Hossain, Finance Secretary Fazle Kabir, Bank and Financial Institution Division Secretary M Aslam Alam and chief executive officers of four state-owned commercial banks at his Secretariat office.

Assurance also came in from the Prime Minister that the apparel sector will be taken care of with the help of incentive packages.