Related Keywords: Bangladesh textile industry, incentives, specialized textiles
Bangladesh textile industry faces a stiff competition from Pakistan, China, India and some other cotton producing countries. As an encourage to this sectors and to keep the home textile and specialised textile sectors afloat, the government has decided to provide various types of incentives, as export earnings from the two areas were on constant decline.
As Bangladesh is dependent on import of cotton, they see no other options but to provide incentives to keep the sectors competitive in the global market, said vice chairman of the Export Promotion Bureau (EPB) Shubhashish Bose.
