Relocating RMG Factories
BGMEA seeks Tk 720cr BB loan at low interest rate
Bangladesh Garment Manufacturers and Exporters Association on Thursday urged the Bangladesh Bank to grant garment owners loans worth Tk 720 crore at a low interest rate so that they could relocate their factories at the garment economic zone at Gazaria in Munshiganj.
The call came when a BGMEA delegation led by its president Atiqul Islam met BB governor Atiur Rahman at the BB head office.
‘We urged the governor to provide the loan at a low interest rate as it is very much difficult for the entrepreneurs to relocate their factories to the garment industrial zone with a loan that has an interest rate of 18-20 per cent,’ the BGMEA president told New Age.
Atiur said that no fund was available to this end, but if the government allocated a special fund then the BB would decide to provide loans at a lower interest rate to the garment owners.
The government recently allocated 530 acres of land at Bausia under Gazaria upazila in Munshiganj district to set up the garment industrial
zone, where as many as 577 factories can be accommodated.
The BGMEA then invited applications from members interested to relocate their units to the industrial park.
‘The number of applications has already exceeded the piece of allocated lands,’ a BGMEA source said.
-With New Age input
