Contact us on +022 2419 3000 or indiantextilejournal.com.

Bangladesh apparel exporters to demand govt stimulus

Jul 28, 2021
Bangladesh apparel exporters to demand govt stimulus

Bangladesh 

Readymade garment exporters in Bangladesh are going to seek stimulus packages from the government once again after the on-going strict restrictions on public movement.

The government announced stimulus package worth Tk 5,000 crore with 2% interest for the payment of workers’ wages of export sector in March 2020. Apparel and textiles exporters received the package and later the amount reached to Tk 10,500 crore.

Bangladesh Knitwear Manufacturers and Exporters Association president KM Salim Osman said in a letter to the members of the trade body that the government was aware about the dire situation of the RMG sector and the association would appeal to the prime minister for further stimulus after the lockdown. He added that, they would appeal to the prime minister for further stimulus package after the lockdown and he believes that the prime minister would extend her support to the sector like the previous days.

Salim Osman said that the government announced strict lockdown from July 23 - August 5 across Bangladesh after consulting with World Health Organisation as the present (delta) variant of Covid-19 is very lethal. He also requested all factory owners to keep their units closed despite the loss of business.

Source: New Age Business

Image Source: Google Image

Also Read:

https://indiantextilejournal.com/latest-textile-industry-news/moov-cool-to-support-elite-sport-in-the-uk-

https://indiantextilejournal.com/latest-textile-industry-news/digital-transformation-process-accelerates-in-textiles-