YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

Govt declares disbursement of its last installment of cash incentive for exporters

Related Keywords: Bangladesh government, cash incentive, jute sector, textile sector

The Bangladesh government had announced cash incentives of Tk 25.92 billion to 19 export products for the current fiscal year to promote sales overseas and to encourage exporters to explore new potential market for Bangladeshi products. The last or fourth installment of cash incentive amounting to Tk 6.48 billion has been released for disbursement among major exporters for the fiscal year (FY) 2013-14.

The central bank has been directed by Ministry of Finance (MoF) this Thursday to start with the disbursement of incentive for the period of April to June 2014.

Bangladesh decides on increasing incentive to support its RMG sector

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.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button