Bangladesh's apparel and textile manufacturers recently urged the government not to hike gas prices so that the sector remains sustainable. Conveying this at a press conference in Dhaka, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Mohammad Siddiqur Rahman urged the government to formulate an energy policy and give priority to the sector.

Mohammed Ali Khokon, president of the Bangladesh Textile Mill Association (BTMA) and Monsur Ahmed, acting president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), were also present at the press conference.

The gas price hike will result in reduced employment, Bangla media reports quoted him as saying.

Gas distribution companies recently proposed raising the price of gas from Tk7.76 per cubic feet to Tk15.70 per cubic feet or by 93 per cent for the industry, while it proposed raising it by 63 per cent to Tk15.70 per cubic feet from Tk9.62 per cubic feet for captive power.

The authority also proposed to increase gas prices by 17 per cent to Tk20 per cubic feet from Tk17.04 per cubic feet for commercial use. (DS)

Fibre2Fashion News Desk – India

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