Export-oriented industries to stay open during lockdown
The export-oriented industries in the united states will remain open through the lockdown, Faruque Hossain, the president-elect of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said Sunday.
He said a particular meeting was held on April 9 with Commerce Minister Tipu Munshi. Along with Faruque, former BGMEA presidents Shafiul Islam Mohiuddin and Salam Murshedi, BKMEA President Selim Osman, and BTMA President Mohammad Ali Khokon participated in the conference.
The goal was to avoid the impending crisis of RMG and export-oriented factory closure during lockdown.
In a statement sent to the press, Faruque explained the team “effectively negotiated” and pleaded the cases in favour of keeping factories available to all key insurance plan and decision-makers of the government including the Cabinet Secretary and Principal Secretary along with the prime minister.
He said the team’s efforts resulted in a positive decision by the COVID-19 Inter-Ministry task force presided above by the Cabinet Secretary.
“Your choice is to keep all of the export-oriented Industry open during the lockdown,” he said. “That is an excellent success and the market survived a significant crisis.”
Faruque urged all BGMEA customers to check out strictly follow health insurance and safety protocols.
Bangladesh is defined to enforce a seven-evening lockdown from April 14 to support the spread of coronavirus.
A press conference happened on Sunday in occurrence of all media and the majority of the trade bodies at Pan Pacific Sonargaon where in fact the apparel exporters argued that it was vital to allow factories to use during the lockdown.
According to a created statement, Bangladesh lost export orders worth $6 billion in 2019-2020 fiscal during the coronavirus pandemic. And the country lost 9.5 percent export in the first nine months in today's fiscal compared to 2018-19.
The garments sector possesses witnessed continuous price drops of 4.5 percent to 5 percent since September 2020. The woven textile sector has been generally incurring heat of the pandemic. The retail business of RMG reduced by 28 percent in Europe and 16 percent in USA industry in December, the note said.
