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Bangladesh Prepares To Develop Textile Policy For 10 Years

2008/4/2 11:54:00 24

Bangladesh Is Preparing To Formulate A 10 Year Policy For Textiles.

Textile manufacturers in Bangladesh asked the government to prepare a 10 year policy to develop the textile sector to ensure the competitiveness of the textile sector in the global market.



Bangladesh textile mills asked the government to continue to implement 15% cash incentives for textile exports, and such cash incentives will be abolished next year.



The president of the Bangladesh Textile Manufacturers Association (BTMA) said we need a textile and clothing policy that can meet the changing global market.



The president of the Bangladesh Textile Manufacturers Association asked the government to immediately approve and implement the proposal to establish a special fund of $1 billion 500 million at the appropriate time. The proposal was submitted to the prime minister in January of this year, calling for development to contact the industry.



The Bangladesh Textile Manufacturers Association also appealed to maintain the existing policy on bonded warehouses.



The Bangladesh Textile Manufacturers Association said that in Bangladesh, $5 billion of total garment and garment exports, local companies shared 2 billion dollars.

/cn<

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