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Bangladesh govt to provide BGMEA 500 acres in Mirsharai economic zone

Related Keywords: Bangladesh Economic Zone Authority, Bangladesh government, BEZA sign MoU with BGMEA, boost apparel exports, decided to provide 500 acres of land, earn USD50 billion, exports by 2021, help garment makers, in the years to come, inside a special economic zone, investors start setting up factories, located in Mirersharai of Chittagong, to BGMEA

Bangladesh government to boost its apparel exports in the years to come has decided to provide 500 acres of land inside a special economic zone located in Mirersharai of Chittagong to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Bangladesh Economic Zone Authority (Beza), which deals with these zones will sign a memorandum of understanding in this regard with BGMEA. Beza believes that the move would help garment makers earn $50 billion from exports by 2021.

Special Advance Authorization scheme announced to boost apparel exports

Related Keywords: All Industry Rate of Duty Drawback for non-fabric inputs on exports, announced Special Advance Authorization scheme, boost apparel exports, effect from first September, exporters are entitled, for fabrics including inter-lining on pre-import basis, Indian textile and apparel exports, scheme allowing duty-free import of fabric

As India expects its textile and apparel exports to touch USD 50 billion mark this fiscal from USD 38 billion in 2015-16. The Union Cabinet recently approved a Rs 6,000-crore package for the textiles sector with an aim to create one crore new jobs in three years and attract investments of USD 11 billion.

To further boost apparel exports, government has announced a ‘Special Advance Authorization’ scheme allowing duty-free import of fabric which will come into effect from September 1.

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