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Rumors about RMG orders getting cancelled unfounded: FBCCI

Photo: BFirst

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Business leaders meet with government officials to address industry concerns amid quota reform movement

Staff Correspondent

Publisted at 4:53 PM, Sun Jul 28th, 2024

Rumours regarding the cancellation of readymade garment (RMG) work orders are unfounded as representatives from the concerned business sector have not confirmed such cancellations, said Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Mahbubul Alam.

Mahbubul Alam made the remarks following a meeting between the Prime Minister's Private Sector, Industry and Investment Advisor Salman F Rahman, and three state ministers—Nasrul Hamid, Zunaid Ahmed Palak, and Ahasanul Islam Titu—with business leaders at the Bangladesh Investment Development Authority in Dhaka on Sunday (28 July).

"The supply chain was disrupted for several days, but now everything is going on smoothly, and the situation will improve soon," added the FBCCI chief. 

Speaking at the event, Salman F Rahman said, “Businessmen met with Prime Minister Sheikh Hasina amidst the ongoing quota reform movement, offering their full support. During this meeting, the premier instructed them to consult with business leaders to identify and address the problems faced by businesses during the movement. FBCCI has been tasked with collecting data on business losses across various sectors to submit to the government.” 

The discussion meeting broadly covered five key issues affecting different sectors: Chittagong Port, the National Board of Revenue (NBR), Bangladesh Bank, the Ministry of Finance, and issues related to ICT, power, and gas.

Salman F Rahman assured that meetings would be held with representatives from various business sectors to resolve these issues.

He emphasised that the government's primary objective is to restore normalcy in the country. He noted significant improvements in the country's situation over the past few days and expressed optimism that normalcy would soon be fully restored.

"We have recovered from the damage to a great extent and we will see improvement soon," Salman F Rahman said.

Sources revealed that business leaders have made several demands, including the rescheduling of loans, waiver of interest, and delays in loan payments. Other demands include reductions in duties and tariffs.

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