Decision to reschedule bank loans of four sectors hailed
Sunday, 12 April 2009
FE Report
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Saturday hailed the government's decision for rescheduling outstanding bank loans of four industrial sectors without any down payment, said a press release.
The industrial sectors are frozen foods, jute and jute goods, leather and leather goods as well as textiles.
The government took this decision to provide safeguard to the industrials sectors that are facing difficulties because of the global recession.
FBCCI, the country's apex chamber body, said that the government should also consider applying the same method to other local industries, which have been failing in repayment of installments.
The apex chamber body said the local industries will face closure unless the government takes appropriate steps, especially rescheduling of bank loans without down payment.
Acting FBCCI president Abul Kasem Ahmed said: "We urge the government to consider the situation of other local industries, which have been failing to repay loans."
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Saturday hailed the government's decision for rescheduling outstanding bank loans of four industrial sectors without any down payment, said a press release.
The industrial sectors are frozen foods, jute and jute goods, leather and leather goods as well as textiles.
The government took this decision to provide safeguard to the industrials sectors that are facing difficulties because of the global recession.
FBCCI, the country's apex chamber body, said that the government should also consider applying the same method to other local industries, which have been failing in repayment of installments.
The apex chamber body said the local industries will face closure unless the government takes appropriate steps, especially rescheduling of bank loans without down payment.
Acting FBCCI president Abul Kasem Ahmed said: "We urge the government to consider the situation of other local industries, which have been failing to repay loans."