Dhaka, Bangladesh (BBN)- The newly-elected office bearers of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) headed by Atiqul Islam take charge on Monday.
Earlier, the 30th AGM (Annual General Meeting) of the apparel trade lobbyists’ group BGMEA was held at the BGMEA auditorium.
Outgoing BGMEA president Shafiul Islam Mohiuddin presided over the first session of the AGM while newly-elected president Atiqul Islam presided over the concluding session of the AGM. The AGM approved the budget of the association for the year 2013.
Speaking at the charge handing-over program, new President Atiqul Islam said strengthening and consolidating the supply chain (smooth supply of products from factory premises to retail store), developing infrastructure, resolving gas and electricity crises, reducing bank interest rate and ensuring fire safety and compliance issues will be his areas of priority.
Mr Islam said they will negotiate with the concerned authorities for allocating special quota of power supplies for the garment industry on a priority basis, in case of new power connections.
The outgoing President Shafiul Islam Mohiuddin said there would be many challenges in the days coming for readymade garments sector including uncertainty of GSP facilities in USA, searching new markets, economic downturn in two main export markets USA and Europe. “The political situation is also worsening in the country which may hurt the industry,” the outgoing President said.
BBN/SSR/AD-25Mar13-9:27 pm (BST)