BGMEA thanks PM for stimulus package


25th March, 2020 11:43:35 printer

BGMEA thanks PM for stimulus package

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Wednesday thanked Prime Minister Sheikh Hasina for announcing stimulus package of Tk 5,000 crore for the export-oriented industry to overcome the impact of coronavirus.

"Thank you Prime Minister for your endless empathy for our workers and industry," said BGMEA President Rubana Huq in a message. 

She said they spent sleepless nights worrying about the fate of the workers. 

"Infinite gratitude to you (PM) for having given us this support at a critical time when orders stand cancelled and we face uncertainty," Huq said.

She also thanked the Prime Minister for paying attention to their request for a lifeline at the most challenging time ever in the history of RMG. "Thank you for listening. Thank you for helping out all including the needy and the most under privileged."

This money will be used for providing the salaries and wages of workers and employees only.

Some 936 factories reported 800.18 million pieces worth $2.58 billion export order cancellations or held up affecting 1.92 million workers, BGMEA said on Wednesday. 

Bangladesh is the second largest exporter of readymade goods after China and the country earns the majority of its foreign currencies from this sector.