In its 42nd Annual General Meeting (AGM) held at the association’s complex in Uttara, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) passed the budget for the financial years 2024-25 besides also reviewing the Association’s financial position and discussing the future direction of the country’s largest export sector.

The meeting was chaired by Mahmud Hasan Khan, President, BGMEA and attended by the current Board of Directors, including Vice Presidents and Directors, former office bearers, Standing Committee members, and general members of the Association.

BGMEA also appointed an auditor for the upcoming fiscal year during the meeting. The financial report and budget were presented by Mizanur Rahman, Vice President-Finance, who outlined the Association’s fiscal health and key allocations for the year ahead.

Khan also reviewed the present state of the apparel industry, set out the initiatives taken by the newly elected Board during its first three months, and shared plans aimed at strengthening the sector amid global challenges. He noted, the AGM served as a platform to reaffirm members’ collective commitment to addressing industry issues through collaboration and strategic planning.

This year’s AGM was delayed due to the incomplete tenure of the previous Board. For nearly eight months, the Association was managed by a government-appointed administrator, which prevented the timely holding of the meeting. After assuming office, the current Board prioritised convening the AGM, describing it as an important step in reinforcing transparency, accountability, and renewed leadership within the organization.