An overview of FY23 budget
The proposed budget for the fiscal year 2022-23 drew mixed reactions from the country’s textile, apparel makers and garment accessories producers as some of the
Tag : budget
Budget for FY23: Textile and apparel exporters want continuation of existing supports to recover
With a view to retain present export growth momentum and fully recover from the Covid-19 pandemic, country’s apparel and textile manufacturers want continuation of existing
BGMEA proposes tax cut for 5 years & cash incentive for man-made fiber
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has again urged the govt. to review some of its proposals, including a 10 percent cash incentive
Textile and RMG sectors deserve special care in the next budget for economic recovery
Survival of the sectors during the pandemic can save thousands of jobs The backbones of the country’s economy textile and garment sectors have been going
FY2020-21 national budget needed to be more innovative
In this COVID-19 hit tough times, the national budget for FY2020-21 has been approved on 11 June at a special meeting by the Cabinet. AHM
VAT on local yarn to hit hard primary textile sector
As of now, Bangladesh is able to meet 80% demand for fabrics for the export-oriented knitwear sector. While the local fabrics manufacturers are meeting 50%
BTMA urges to keep the locally produced yarn out of VAT
Bangladesh Textile Mills Association (BTMA) has arranged a press conference on proposed budget 2019-2020 at the Surma Hall, Pan Pacific Sonargaon Hotel, Dhaka, on June
1% cash incentive is good but not enough for RMG sector
In the proposed budget for the fiscal year 2019-20, the government has proposed 1% cash incentives against exports to traditional export markets and kept an
