Garment makers for continuing cash incentive on export receipts until 2032

Garment makers for continuing cash incentive on export receipts until 2032

Leaders of the country textile and apparel sector today urged the government to continue the cash incentive on export receipts until 2032.
They also urged the government to reconsider some of their major issues, including the reduction of source tax.
They made the demands at a post-budget joint press conference held at the BGMEA office in Uttara.
Leaders from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the Bangladesh Textile Mills Association (BTMA), and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) spoke at the press briefing.
They urged the government to withdraw 1.0 per cent duty on the import of capital machinery and construction materials by factories located in the economic zones.
The leaders of the country textile and apparel sector also demanded introducing a special financing scheme for sustaining the country small and medium industries.