Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Mahmud Hasan Khan has stated that investors are facing uncertainty due to the ongoing interim government in the country. He believes that an elected government is urgently needed to revive the economy.
Speaking to journalists during an exchange of views at the Shaheed Palace Hotel lobby in Chuadanga town on Monday evening, as reported by UNB, the BGMEA president said, “Currently, the country is being run by a interim government, which has created uncertainty among investors. Reduced investments have led to economic stagnation. Those who want to establish new industries or start businesses are waiting for an elected political government.”
He added, “The sooner a government is formed through an acceptable election, the faster the economy will recover. Investments will increase, employment opportunities will be created, and trade and commerce will expand.”
During the discussion, Mahmud Hasan Khan also shared plans to establish a garment training centre in Chuadanga district. The center aims to train unskilled youth seeking employment and eventually place them in various garment factories.