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Thursday, 26 August 2021 12:03

BGMEA to lose 1,140 members due to non-performance

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Around 1,140 readymade garment factories are likely to lose their membership with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) as they have not paid membership subscription fees and have not been in export business for years. As per a New Age Bangladesh report, BGMEA has directed 1,140 inactive members to pay their subscription fees by October 31 to continue as the member of the trade body.

The association plans to cancel memberships of factories that fail to pay subscription fees and resume business by the deadline. Some units of BGMEA member factories have remained out of business since 2013. These are unlikely to resume due to the impact of quota phase-out in the RMG sector in 2005. However, they continue to retain the membership of the trade body to take part in BGMEA elections.