Home / Knowledge / News / Apparel/Garments / Step-motherly treatment meted to RMG's in stimulus package
Step-motherly treatment meted to RMG's in stimulus package
20
Apr '09
The recent stimulus package initiated by the Bangladesh has evoked a mixed response, with garment exporters expressing dissatisfaction and surprise with the package allocated to the sector, which generates 75 percent of overall exports and employs over 2.5 million people.

At the same time they have also lauded the government for declaring the stimulus package in time to enable the industrial sector to face and tackle the fallout of the economic recession and the resultant slowdown which has affected the economy to a great extent.

Unfortunately the export oriented garment sector, which has made rapid strides in the last few years, has received only a nominal percentage of the overall stimulus package which stands at Taka 3,424 Crore spread across the industrial as well as agriculture sector.

Against a mind boggling Taka 1,500 Crore earmarked for the agriculture sector, the garment export sector will have to share Taka 450 Crore, allocated to the export sector along with other export industries like jute and jute goods, leather and leather goods and frozen foods.

The finance minister when asked to comment on the Taka 450 Crore package allocated to export-oriented sector said, other packages like policy support and bank-loan re-scheduling have already been declared for these sectors.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X