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
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 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

January 2017

January 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