by Apparel Resources News-Desk
05-February-2019 | 1 min read
The recent hike in minimum wages followed by the Government’s move to look into workers’ allegations of discrepancies in wage structure and make further amendments is apparently weighing down heavily on the Bangladesh garment makers!
The apparel manufacturers who are already stretched thin by the increasing overheads and decreasing profit margins are now for further sops from the Government to tackle the prevailing scenario worsened by the recent increase in workers’ wages.
The apparel makers as such have reportedly sought more facilities from the government to implement the newly announced wages on grounds that export-oriented apparel sector received no incentive save a 4 per cent cash incentive for exports to new markets.
“We will write to let the Government know of our problems and the Government will have to provide some facilities, even for a while, for the apparel sector to implement the new wage structure.” – Md Siddiqur Rahman, President, Bangladesh Garment Manufacturers and Exporters’ Association (BGMEA)
In this context Rahman further underlined that people had a wrong perception that the apparel sector had received huge incentives from the Government, but, in reality, the sector had received nothing but a 4 per cent cash incentive on export to new markets.