>>
Home / Knowledge / News / Apparel/Garments / BGMEA seeks low interest bank loans for garment factories

BGMEA seeks low interest bank loans for garment factories

22
Dec '06
Finance Advisor Dr Shoeb Ahmed met with a delegation of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) officials, headed by its President S M Fazlul Hoque yesterday.

BGMEA officials requested Government to grant them emergency bank loans at low interest rate, which would help them pay wages and allowances to labourers before Eid-ul-Azha.

They also urged that two month's salary and Eid bonus have to be given to workers by December end, which is burdening factory owners as they are facing fund shortage due to lagging exports.

Hoque expressed concerns over the possibility of fierce labour unrest if workers don't receive their salaries prior to Eid. To avoid this situation, apparel makers required assistance from banks.

Officials appealed Ahmed for directing Central Bank and other commercial banks to grant low interest loans to factory owners. Sources informed that Shoeb Ahmed, also handling the Commerce Ministry, responded immediately by telling the Commerce Secretary to look into the matter.


Must ReadView All

Pic: Dong Nhat Huy / Shutterstock.com

Textiles | On 17th Jan 2022

Vietnamese parliament approves economic stimulus package for recovery

The first extraordinary session of Vietnam’s 15th National Assembly...

Pic: Dreamstime.com

Textiles | On 17th Jan 2022

Industrial production up by 2.3% in euro area, 2.5% in EU: Eurostat

In November 2021, the seasonally adjusted industrial production rose...

Pic: Shutterstock

Textiles | On 17th Jan 2022

Inflation in China tame in 2021 amid stable economy

China's inflation largely remained tame throughout 2021—barring a...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Vikash & Vishal Pacheriwal,

Vikash & Vishal Pacheriwal

Launched in 2018, Raisin is a contemporary fusion fashion brand that aims...

Ahmet Gecikli,

Ahmet Gecikli

Ser Mekatronik, founded in 2008, is specialised for providing mechanical...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Dahlia Razzrook, Label - Dahlia Razzook

Dahlia Razzrook
Label - Dahlia Razzook

London based designer, <b>Dahlia Razook</b> known for her luxury...

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

ESTEEMED CLIENTS

The LYCRA Company Singapore  Pte. Ltd
Rayonese Textile Inc., Division de Culp Inc.
Brandix Lanka Limited
Sportmaster Ltd.
Alison Hayes Romania
Helly Hansen Far East Ltd
Lisa S.P.A.
Eastman Chemical Company
KAS Direct Sourcing
SYNERGIES HONG KONG LIMITED
Reiter India Private Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
THE BOMBAY DYEING ;& MFG.CO. LTD
Permoda(Koaj/Armi/Pronto/Bkul)
Phong Phu international JSC (PPJ)
Huntsman (Singapore) Pte Ltd
Desigual - ABASIC, S.A.
IKEA of Sweden AB

January 2022

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


Advanced Search