New BGMEA chief thinks elected govt crucial for investors’ security

Emphasising the importance of a democratically elected government, newly elected President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Mahmud Hasan Khan Babu, has said that only a people-mandated administration can ensure stability and security for investors.

Babu made the remarks during an interaction with journalists at a hotel in Chuadanga district headquarters on Monday evening.

“Currently, the country is under a caretaker [interim] government, and investors are uncertain about the future,” he said. “The lack of political stability has led to a decline in investment, causing economic stagnation. Those looking to set up new industries or start businesses are waiting for the formation of an elected government.”

He added that restoring democratic order through credible elections would help revive the country’s economic momentum. “The sooner a legitimate government is formed through fair elections, the faster we can expect renewed investments, job creation, and business expansion,” Babu said.

The industrialist also expressed his hope to establish a skill development centre in Chuadanga aimed at training unemployed youth and integrating them into the industrial workforce.

The event was attended by prominent figures including Shahiduzzaman Torik, Managing Director of Sahid Group and President of the Bangladesh Business Chamber of Singapore; Asaduzzaman Asad, Managing Director of Zaman Group of Companies; Rajib Hasan Kochi, President of Chuadanga Press Club; Bipul Ashraf, General Secretary of the Press Club; journalist Hussain Malik, and representatives from local media outlets.