Highlighted the RMG industry as a vital component of Bangladesh's economic growth, BIDA Executive Chairman Ashik Chowdhury has reaffirmed the government's commitment to deepening public-private collaboration.
He assured BGMEA of BIDA's full support through policy facilitation and structured industry consultation to accelerate the sector's sustainable growth.
Ashik Chowdhury Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA) made the remarks while exchanging views with a delegation from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at the BIDA Office in the city.
The high-level BGMEA team called on BIDA chief aiming to promote sustainable development and increase investment in the country's ready-made garment (RMG) sector.
The BGMEA delegation was led by its President, Mahmud Hasan Khan, and Vice President, Mijanur Rahman, alongside other senior members of the association, said a press release.
The meeting covered a wide range of topics that are important to the RMG industry, such as infrastructure support, gas supply, LNG import prices, dependable energy access, and access to reasonably priced financing. A simpler VAT and tax system for the circular economy and clothing recycling subsector was also emphasised by the delegation. BGMEA Vice President Mijanur Rahman emphasized the necessity of revisiting the current loan classification policy of Bangladesh Bank to facilitate investment by genuine entrepreneurs.
"We urge BIDA to raise this issue with the Governor of Bangladesh Bank for constructive policy reform," he stated.
He also called for NBR(National Board of Revenue)'s audit mechanisms to be more consultative and less burdensome for industry stakeholders, adding, "Entrepreneurs expect a transparent, discussion-based audit environment that supports, not stifles, industrial growth."
Speaking at the event, Mahmud Hasan Khan announced plans to establish a large integrated garment industrial complex in Chattogram on at least 10 acres of land.
"This hub, designed as a multi-factory facility, will allow numerous small and medium enterprises (SMEs) to operate under one roof, which will reduce production costs, streamline investment processes, and boost competitiveness," he noted.
