Home / Knowledge / News / Apparel/Garments / BGMEA demands cash incentive on exports
BGMEA demands cash incentive on exports
Mar '09
The woes of the Bangladesh are keeping on increasing with each passing month and the list of demands is also keeping pace. In a new development, the newly elected President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Mr Murshedy has demanded a 10 percent cash incentive on exports.

Mr Murshedy made this call, a day after the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) demanded a rescue package of Tk 60 billion to stave off the crisis. Earlier, the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) had raised a demand for the 10 percent cash incentive.

According to Mr Murshedy, “The order book position of the textile and garment industry fell by 4.98 percent in January, while it plunged sharply by 17.58 percent in February and at the same time, in some cases the order cut was as precarious as 75 percent and I do not expect the scenario to change drastically in March too”.

He urged upon the government to increase the 3-5 tenure of bank loans to 7-10 years and keep the interest rate under 7 percent and also suggested that subsidy be provided on purchase of diesel for generators, on the lines provided to the agriculture sector, since due to the serious power shortage, units had to be run on generators.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search