Businessmen have expressed their anger against the new rules issued by Bangladesh Bank regarding defaulted loans as anti-private sector measures. They said that investment will be disrupted, employment will be affected. All in all, the macroeconomic stability of the country will be affected.
They said these things in a discussion meeting of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) with leaders of various trade organizations regarding the country's trade situation and industrial safety. At the same time, they demanded to strengthen the security of the factory.
BGMEA organized this meeting on Saturday. Administrator of the organization. The meeting chaired by Anwar Hossain discussed in detail the prevailing situation of all industrial factories including the garment industry, insecurity in the industry, non-availability of gas as required and bank-related problems.
Business leaders said the garment sector could face a major blow if the new default loan policy comes into effect from April. Business leaders agreed to conduct a sector-by-sector study to assess the impact of the new policy on industries.
The meeting discussed the safety of all industrial sectors including the garment industry. Citing the attack on DMD of Mahmud Jeans factory in particular, the leaders said, it has created deep anxiety in the overall industrial sector of the country. If such incidents repeat, the entrepreneurs will be discouraged from running the factories. At the same time, the country's trade and investment will be at risk, which is not desirable.
Former Caretaker Government Advisor and Managing Director of Square Pharmaceuticals Tapan Chowdhury, Administrator of FBCCI attended the meeting. Hafizur Rahman, BEF President Ardashir Kabir, BKMEA President Mohammad Hatim, BTMA President Shaukat Aziz Russell, BCI President Anwar-ul Alam Chowdhury (Parvez), MCCI President Kamran Tanvirur Rahman etc.
