Bangladesh textile garments industry has been suffering a lot during this pandemic situation. It has largely affected order decrease due to COVID-19 outbreak. Last year the industry survived with some good initiatives and government support. As the country is largely affected by the second wave of COVID now it’s really a very hard time for this industry. Recently the BGMEA election has been completed and a new BGMEA committee with the leadership of Mr. Faruque Hassan has taken charge for 2021-2023. Textile Focus has been talking with BGMEA members’ company owners regarding the expectation from the new board.
Sheikh Mohammad Danial Managing Director, Finesse Apparels Limited
The New BGMEA board has balance between youth and experience. Which is great and yearns hope in our hearts that in the near future we will see real meaningful change that enhances the meaning of sustainability from being a label to being a process in all sides.
We hope this board will be able to make access to meaningful financing (other than traditional banking) a reality. We hope industrial growth targeted policies will be developed to help the government better its understanding of the sector.
This Board hopefully will be successful to create level playing field for all parties; local and foreign, large and small. The lopsided investment availability to large organizations only is the biggest hindrance to sustainable growth in this sector. A meaningful discovery of alternative financing for RMG is the core to the sustainability of RMG growth.
Hopefully BGMEA new board will be successful to create level playing field for all parties – Sheikh Mohammad Danial Managing Director, Finesse Apparels Limited
