Apparel makers call for political peace
Garment makers yesterday called for political peace and stability in the country to support apparel export growth to fully exploit the country's opportunities.
They spoke of fear of political chaos ahead of the next general election, which could hamper exports of the main foreign currency earning RMG sector.
“We are urging a consensus among the political parties,” said Atiqul Islam, president of Bangladesh Garment Manufactures and Exporters Association, at the closing of Bangladesh Apparel and Textile Exposition, at Sonargaon Hotel in Dhaka.
“We expect political parties will not use the garment industry and its workers as a political tool," Islam said in a statement.
Banks are charging high interest rates from the garment producers, increasing production costs soar in the country, he said. “We are losing competitiveness in the global market as the major export markets of apparel items are going through a troubled time due to the economic crisis,” he said.
He urged banks to set a logical interest rate for garment producers. Islam also urged the government to set up the much-needed garment village. The government should ensure a smooth flow of gas and power to the special area, he said.