Sunday, 28 November, 2021

BGMEA expresses concern over new corona wave in EU

  • Staff Correspondent
  • 24 November, 2021 12:00 AM
  • Print news
BGMEA expresses concern over new corona wave in EU

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Apparel exporters have demanded that the government continue its support to RMG sector to overcome upcoming challenges, given the rising concern over new corona wave in the EU, a major garment export destination of the country.

A delegation of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) led by its president Faruque Hassan met Salman F Rahman, Private Industry and Investment Advisor to the Prime Minister at BIDA office in the capital on Monday.

They had discussion on present business situation and challenges being faced particularly by the RMG industry in Bangladesh and possible course of actions to deal with the challenges, says a release. 

BGMEA leaders expressed concerns over the recent surge in Covid-19 infection in some European countries as the EU is the largest export market for Bangladesh’s RMG.

The BGMEA delegation expressed their hope that the government would continue its support to the RMG industry to help the sector to face possible challenges in the coming days.

Faruque Hassan apprised the Private Industry and Investment Advisor about the RMG sector’s increased focus on non-cotton textiles and high value-added apparel items.

He said Bangladesh needs more investments in the backward linkage textile sector, particularly in the woven garment. 

The textile sector is a largely unexplored area and highly potential for investment, which is the man-made fiber based yarns and fabrics, functional fabrics like polyester, viscose, spandex etc, he added. Industries like spare parts, textile machinery, light engineering, jute, leather, pharmaceuticals, ICT, ceramics and shipbuilding are also promising sectors for investment, he further said. The BGMEA President stressed the importance of improving ease of doing business, especially addressing the bottlenecks, reducing time, process and cost in all criteria of the doing business to attract more foreign investment in the sectors.