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BGMEA seeks Tk54cr soft loan for 39 struggling factories

UNB, Dhaka

Published: 09 Oct 2024

BGMEA seeks Tk54cr soft loan for 39 struggling factories

File Photo: UNB

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Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested a Tk54-crore soft loan from Bangladesh Bank to support 39 garment factories that are facing financial difficulties.

These factories, which were previously operating smoothly, are now struggling to maintain full-scale production due to disruptions caused by the recent labour unrest.

BGMEA outlined these concerns in a letter sent to the finance adviser on 6 October, urging the central bank to inspect the situation and facilitate the necessary loan.

BGMEA has appealed to the interim government to help secure Tk54 crore in loans to ensure the timely payment of wages to around 56,000 workers employed at these 39 factories. The organisation emphasised the urgent need for financial assistance to prevent further disruption in the industry and protect the livelihoods of thousands of workers.

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