BGMEA seeks alternative govt support post Bangladesh's LDC transition

08 May '24

1 min read

BGMEA seeks alternative govt support post Bangladesh's LDC transition

Pic: Adobe Stock

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The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) expects to meet $100 billion apparel export target by 2030 and for this, it wants an alternative support of the government's cash incentives after 2026, as Bangladesh will graduate from the LDC status by then.
This was underlined by the BGMEA president SM Mannan (Kochi).

The president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), SM Mannan (Kochi), expressed confidence in meeting the $100 billion apparel export target by 2030.

However, he emphasised the need for alternative government support in place of cash incentives post-2026, as Bangladesh will graduate from the Least Developed Countries (LDC) status by then.

The BGMEA chair made these remarks recently during a recent visit to pay homage to Bangabandhu Sheikh Mujibur Rahman at his mausoleum in Tungipara, in Gopalganj.

Highlighting Prime Minister Sheikh Hasina’s efforts towards financial stability and poverty alleviation, Mannan affirmed the BGMEA’s commitment to ensuring a better life for every citizen, in line with Bangabandhu’s vision.

He reiterated this stance while emphasising the present BGMEA board’s dedication to this cause.

The BGMEA president urged collective efforts to realise Bangabandhu Sheikh Mujibur Rahman’s vision of ‘Sonar Bangla’, envisioning a prosperous ‘Smart Bangladesh’ by 2041, as envisioned by the Prime Minister.

Various prominent ex-BGMEA officials also attended the event.

Fibre2Fashion News Desk (DR)

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