• Thursday, Sep 24, 2020
  • Last Update : 02:10 am

Rubana Huq: Max allocation for ready-made garments in past 10 years, still minimal

  • Published at 11:32 pm June 13th, 2019
Rubana Huq
File photo of BGMEA President Rubana Huq Collected

The budget is not enough to face the challenges of the industry

BGMEA President Dr Rubana Huq has said this year ready-made garments industry received maximum allocation of budget in past ten years, but still minimal to what is required.

She said at a press briefing, as a reaction after the national budget for fiscal year 2019-20 was declared on Thursday.

In this year’s budget, Finance Minister AHM Mustafa Kamal has proposed an increased budget of Tk825 crore for the garment sector, with 4% increase in export incentives and 1% increase of incentives in other sectors of the industry.

Rubana said: “The allocated budget is very minimal for the kind of challenges this industry is facing. A 3% increase in incentives would have done the job.”

“We suggested a budget allocation for garment workers social security but it is not seen. I would request to include their social security in the budget proposed,” she added. 

Read the full budget speech for FY20 here

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