Bangladesh, March 20 -- Leaders of three of the most powerful business associations of the country-BGMEA, BTMA and BKMEA on Wednesday urged the government not to raise gas prices saying that they would have no option but to fold-up business if gas price is hiked unreasonably.
"How could we sustain our industries if gas price is hiked 132 per cent as proposed by the gas distribution companies?" said Siddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), while reading out a joint statement of the three leading business bodies at a press conference.
He said the proposed gas price hike if implemented, will have a big impact on the overall garment and textile sector as it will increase the overall cos...