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RMG value addition benchmarks eased for export subsidy

The Bangladesh government has alleviated the local textile and readymade garment (RMG) manufacturers’ value addition benchmarks to get the export subsidies.

RMG-value-addition-benchmarks-eased-20%-subsidy
Figure: RMG manufacturers will now get an export subsidy for 20% value addition.

According to a recent circular issued by Bangladesh Bank, the RMG manufacturers will now get an export subsidy for 20% value addition, which was previously set at 30%. As a result, the textile and apparel exporters will now get a 4% cash incentive for a 20% value addition.

The value addition criteria is summed up by subtracting the import price of materials from the net export price of the apparel products.

If anyone has any feedback or input regarding the published news, please contact: info@textiletoday.com.bd

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