RMG exports dropped to $360 million in April after the pandemic shattered the global economy with most of the world on lockdowns. As the economies began reopening, apparel exports increased to $1.23 billion in May, $2.25 billion in June and $3.24 billion in July. While imposing the lockdown in March, the government announced a Tk 50 billion stimulus package for the payment of the RMG sector workers. The RMG factory owners got funds from the package to pay the workers for July. “And we may be forgetting the fact that no sector can be kept afloat with incentives for a long term.

Source: bd News24 August 26, 2020 19:40 UTC