Staff Reporter :
Commerce Minister Tipu Munshi Saturday said that the readymade garments (RMG) might be granted a second Covid-19 economic stimulus package considering the present situation.
“A second stimulus package for the RMG sector can be considered, if the export situation reverts to previous condition,” the minister said referring to the impact of Covid-19 pandemic on the export industry.
He was speaking at the virtual inauguration event of “Go Human, Go Green” initiative arranged by Bangladesh Garment Manufacturers & Exporters Association (BGMEA). Tipu Munshi noted that for the benefit of the RMG sector, the government is always open-minded. However, he reiterated that paying back the first stimulus package is also necessary.
“You also need to think about the payback of the stimulus package that has been given in the past,” said the minister.
He acknowledged that his ministry has received the letter from BGMEA for a second stimulus package. “It has been forwarded to the Finance Ministry with the recommendation,” he added.
Earlier this year, the government announced a stimulus package of Tk5,000 crore for export-oriented industries to fight the impact of coronavirus on the country’s economy.
BGMEA President Rubana Huq and Cabinet Secretary Khandker Anwarul Islam also spoke on the occasion.
