Dhaka, Feb. 27 -- The debt-ridden Beximco Group has sought government assistance to sustain operations through cash credit (CC) of Tk 1.0 billion per month, rather than shutting down the factories under its textile division by settling the Tk 5.5-6.0 billion outstanding employee payments.

It argues that with a total financial support of Tk 4.0 billion, including average disbursements of Tk 1.0 billion per month to meet regular operational expenses, it can keep the factories running at full capacity while ensuring regular salary and allowance payments to employees.

In a letter to Labour and Employment Adviser Brigadier General (retd) Dr M Sakhawat Hussain on Sunday, Osman Kaiser Chowdhury, managing director of Beximco Textiles, appealed ...