Bangladesh garment industry 'on danger' - BGMEA

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Garment manufacturers found in Bangladesh warn that their market could collapse unless the federal government agrees to extend a good scheme to lend them cash to pay personnel' wages due to the coronavirus pandemic.

The Bangladesh Garment Makers and Exporters Association (BGMEA) wants the government to extend the earnings stimulus package by six months and put back the deadline for the repayment of the loans by twelve months.

BGMEA president Rubana Huq says that assembly the scheduled repayments to the government-owned Bangladesh Bank from the end of this month - due to agreed - would force many garment makers out of business.

Source: https://www.ecotextile.com

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