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BTMA raise various demands in meeting with PM
Apr '09
Leaders of Bangladesh Textile Mills Association (BTMA) demanded a 15 percent cash incentive from government to balance the losses due to global financial downturn. The association leaders also raised a demand to put repayment of bank loan interest on hold for two years.

A research and development fund, equivalent to 6 percent of export earnings from the textiles and garments sector has also been demanded by the BTMA leaders. All these demands have been raised by BTMA leaders in a meeting with Prime minister, Sheikh Hasina at her office.

A power-point presentation on the problems and prospects of the textile sector has been done for the Prime Minister. In the meeting, Mrs Hasina was urged to plan effective measures for protecting country's economy from the current economic recession.

In this regard, a high-power taskforce has been formed by the government for taking necessary remedial steps to overcome the current economic recession.

Apart from this, the BTMA leaders urged the Prime Minister for a smoother supply of gas and electricity to maintain uninterrupted production cycles. In the meeting, BTMA leaders donated an amount of Tk 51 lakh for the families of army officers killed in February 25-26 BDR carnage.

Fibre2fashion News Desk - India

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