PRESS
RELEASE

Today a high-level delegation from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) met with Mr. Chowdhury Ashik Mahmud Bin Harun, Honorable Executive Chairman of the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA) at the BIDA Office in Dhakain an effort to promote sustainable development and increase investment in thecountry's ready-made garment (RMG) sector.

The BGMEA delegation was led by its President, Mr. Mahmud Hasan Khan, and Vice President, Mr. Mijanur Rahman, alongside othersenior members of the association.

The meeting covered a wide range of topicsthat are important to the RMG industry, such as infrastructure support, gassupply, LNG import prices, dependable energy access, and access to reasonably priced financing. A simpler VAT and tax system for the circular economy andclothing recycling subsector was also emphasised by the delegation.

BGMEA Vice President Mr. 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 ofRevenue)’s audit mechanisms to be more consultative and less burdensome forindustry stakeholders, adding, “Entrepreneurs expect a transparent, discussion-based audit environment that supports, not stifles, industrialgrowth.”

Speaking at the event, BGMEA President Mr. Mahmud Hasan Khan announced plans to establish a large integrated garmentindustrial 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.

During the meeting, Mr. Ashik Chowdhury, Executive Chairman of BIDA and BEZA, highlighted the RMG industry as a vitalcomponent of Bangladesh's economic growth. He reaffirmed the government’s commitment to deepening public-private collaboration and assured BGMEA ofBIDA’s full support through policy facilitation and structured industry consultation to accelerate the sector’s sustainable growth.

Signed/
‍‍Proshanta Kumar Mandal
Public Relations Officer
Bangladesh Investment Development Authority (BIDA)
Email: pkkmandal@gmail.com
Phone: +880 1784-647079