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BGMEA wants 3% cash incentive on exports

BGMEA wants 3% cash incentive on exports

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) sought three percent cash incentive in the proposed budget for fiscal 2019-20 to meet the country’s export goal overcoming global challenges.

“Around Taka 56.50 billion would be required to meet our demand for the additional two percent cash incentive,” said BGEMA President Dr Rubana Huq at a post-budget press conference at a city hotel on Sunday (Jun 16), local media reported.

Replying to a query, Rubana said local industry is currently going through some major challenges such as increased production cost, absence of research and development, product diversification and value addition and innovation etc.

Their other demands included implementation of the government’s decision of single digit bank interest rate, inclusion of garment workers in the government’s safety net programme and giving the RMG sector priority in the proposed creating new entrepreneurs and research and development funds.

BGMEA vice presidents Faisal Samad, SM Mannan Kochi, MA Rahim and Md Mashiul Azam, among others, were present.