BGMEA ELECTION 2011-12

BGMEA ELECTION 2011-12

BGMEA ELECTION 2011-12

Fig: BGMEA ELECTION 2011-12

Garment and
textile entrepreneurs yesterday urged political leaders to shun activities that
may put the economy in trouble. A vested quarter is trying to push the
country’s main foreign currency earning sector – the readymade garment (RMG)
sector – and its backward linkage industry – the textile sector – into a
crisis, the businessmen alleged. But they did not name any specific group or
people “trying to create anarchy”. They spoke at a joint press conference on
“the current situation of garment and textile sectors” at Bangladesh
Garment Manufacturers and Exporters Association (BGMEA) in Dhaka. Leaders from
two other associated bodies — Bangladesh Knitwear Manufacturers and Exporters
Association (BKMEA) and Bangladesh Textile Mills Association (BTMA) — also attended
the programme. “Those who want to destabilise the democracy are considered as
conspirators in the country,” said Shafiul Islam Mohiuddin, president of BGMEA.
Mohiuddin also said economy and politics are inter-related. If the politics
passes through a troubled time, the economy will suffer, he added. “So, we hope
the political leaders will not launch any such activity in the country that
will harm the economy.” The business leader also said the two sectors are
passing through an uncertain period for slowdown in the global economy. Some
recent government policies have also affected the sectors. The government’s
excessive borrowing from the banking system has created the liquidity crisis,
which is also affecting the RMG sector seriously, Mohiuddin said. The garment
sector is losing its global competitiveness due to the spiralling production
cost imposed by high bank interest rates, he said. “We urge the government to
keep the lending rates at a tolerable level considering the long-term global
competitiveness of the sector.” The BGMEA chief also demanded reinstatement of
the premium insurance rates for garment exporters that the country’s insurers
recently scrapped and introduced a standard rate as per the recommendations of
the Insurance Development and Regulatory Authorities. “Introduction of such
standard rate without consulting with exporters is not right.” Similarly, the
authorities of Chittagong port did not reduce the charges on garment export,
although Prime Minister Sheikh Hasina assured to do so in her Batexpo speech in
2009, he said. Mohiuddin urged the government to construct central effluent
treatment plants (CETPs) in different industrial zones as entrepreneurs cannot
set up such costly facilities individually. Officials of the Department of Environment
fine garment owners irrationally for not having ETPs at the factories or for
partial operations of water and chemical treatment at their premises, he said.
Jahangir Alamin, president of BTMA, said poor supply of gas is hampering
production in factories seriously. “I need 10 PSI (per square inch), but I
receive only 3 PSI during the peak of production. But owners have to pay the
government at the rate of 10 PSI,” he said. He urged the government to
introduce electronic gas metres at the factories for measuring gas pressures
correctly.

 Apparel fair CAFEXPO 12 in Ctg

Bangladesh Garment Manufacturers and Exporters Association will organise a three-day fair in the port city today.   The show  Chittagong Apparel, Fabric and Accessories Exposition (Cafexpo) 2012  will take place at the gymnasium of Chittagong Zilla Krira Sangstha. Thirty-five companies will take part in the fair with 65 stalls, said BGMEA First Vice President Nasir Uddin Chowdhury. The fair may draw 5,000 visitors.

 

Digital Marketing Strategist & SEO Expert in Bangladesh. Md Mustakur Rahman has been working for the garment Buyerslist since 2013. He lives in Dhaka, Bangladesh, where he works as an editor at Avronbd. The owner of the company is Avron Texwear. He offers professional-designed and manufactured clothes and exporters in Bangladesh. He has been working in the clothing industry for the last 10 years, and he has lots of experience in this field. He is additionally a Professional Digital Marketing Strategist & SEO Expert in Bangladesh.

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