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RMG stimulus likely this month

Commerce Minister Faruk Khan said yesterday a stimulus package for
the garment sector is likely to be announced anytime this month. Khan
was speaking to reporters at the BGMEA Institute of Fashion and
Technology (BIFT) at Uttara in Dhaka after the inauguration of the
Centre of Export and Product Development ( CEPD). On September 16 ,
ministries and stakeholders concerned held the second taskforce
committee meeting on recession to decide on how to support the
sector and offset the bad impacts of financial crisis worldwide.
Industry insiders complain a sub-committee that was supposed to be
formed to report on such stimulus within a month as per the taskforce
body decision is yet to come into being. The minister spelt out the
government's firmness to support the readymade garment industry, still
the prime foreign exchange earner. The human resource in the sector
should come under garment owners' investment plans, besides
production and exports, Khan suggested. At the inauguration, Abdus
Salam Murshedy, president of Bangladesh Garment Manufacturers and
Exporters Association (BGMEA), pointed out that the country is now
largely dependent on foreign technical personnel to run factories and
business. "I hope BIFT will produce human resources according to
global standards to fulfill the garment sector needs. Garment factory
owners are also investing to train technical personnel now,"
Murshedy said. David Lee, project manager of United Nations
Industrial Development Organisation (UNIDO), said businessmen should
develop different technical sides of the garment sector. Initiatives
jointly taken by BIFT and CEPD will help produce technical personnel
to meet the current crisis in the garment sector, Lee added. BIFT and
UNIDO jointly set up CEPD on the BIFT campus to impart practical
training to learners.