Home / Knowledge / News / Apparel/Garments / Bangla labour welfare fund not receiving expected deposits
Bangla labour welfare fund not receiving expected deposits
24
Jul '18
Bangla labour welfare fund not receiving expected deposits
Bangladesh’s central workers’ welfare fund for the readymade garments (RMG) sector is not receiving the expected deposits, as a number of factories, including those from the export processing zones (EPZs), refrain from contributing, according to labour ministry officials. The fund received Tk100 crore in the last two fiscals—Tk47.68 crore less than what was expected.

The government started collecting 0.03 per cent of freight on board prices from the RMG factory owners on July 1, 2016 for the fund.

According to AMM Anisul Awal, director general of the Bangladesh Labour Welfare Foundation Fund, at least Tk20-22 crore less was received every fiscal than the legally binding amount per year as lien banks of the export-oriented garment companies didn’t properly deduct the amount meant for the fund from exporters.

On May 29, the country’s central bank asked all banks to ensure deduction of 0.03 per cent of the encashed export value from the export-oriented RMG factories for the fund.

The factories affiliated to Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) will contribute to the central fund and not the factories located in the EPZs, a top English-language newspaper in the country quoted Nazma binte Alamgir, general manager (public relations) with the Bangladesh Export Processing Zones Authority (BEPZA), as saying.

Laws for the factories located inside and outside the EPZs were completely different, she clarified.

BEPZA factories do not contribute to the central fund and never receive any benefit from the fund as the authority has its own fund for the workers’ welfare, Nazma added. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Bangladesh apparel exports jump 20% in July–Oct 2018

Apparel/Garments | On 19th Nov 2018

Bangladesh apparel exports jump 20% in July–Oct 2018

Readymade garment exports from Bangladesh increased by 20.08 per cent ...

95% Britishers want shopping centres for all: Hammerson

Apparel/Garments | On 19th Nov 2018

95% Britishers want shopping centres for all: Hammerson

As many as 95 per cent of British people feel that shopping centres...

Courtesy: Hyosung

Textiles | On 19th Nov 2018

Hyosung leading global market with creora

Hyosung is leading the global market with ‘creora’, the brand name of ...

Interviews View All

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search