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Related Keywords: Bangladesh RMG, BTMA, cotton yarn, export industry, knit fabric, local textile, Primary Textile Sector, raw material, specialized garment, woven fabric

Bangladesh readymade garment (RMG) manufacturers which dependent heavily on imported cotton yarn and woven fabric having gradually started using more such local raw materials for the export industry.
 
According to Textile Mills Association (BTMA), the country imported 236 million kilograms (kgs) of cotton yarn and 289 million kgs of woven fabrics in the last fiscal. The import figures were 240-million-kg yarn and 295-million-kg fabrics in the previous year.
 

Related Keywords: Bangladesh RMG, cash incentive

The Bangladesh Ministry of finance has decided to give more cash incentive for all types of ready-made garment (RMG) items. The decision was taken to lessen the losses incurred by RMG exporters due to the political turmoil last year as the apparel sector, contributes to about 80 percent of the country's total export.

Cash incentive at the rate of 0.25 percent on the FOB value of export will be given of all types of RMG items which according to Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), need to be increased to at least 1.0 percent.