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 minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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