Home / Knowledge / News / Apparel/Garments / BKMEA delegation demands stimulus package
BKMEA delegation demands stimulus package
07
Sep '09
A member delegation from the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) met the Finance Minister, Mr AMA Muhith and demanded that a stimulus package be declared along with other measures.

While giving out the details of demands put up with the Finance Minister, the President of BKMEA, Mr Hoque said that, they had demanded a 5 percent stimulus incentive on FOB value of exports, to weather the storm of economic crisis.

He said, they had also requested that bank interest rates should not climb beyond 10 percent and also allow 70 percent advanced cash withdrawal from the banking system against our export claim certificates.

The BKMEA chief complained that banks do not go by the government directive on re-scheduling facilities and ensuring such facilities, can help tap the potential of the global knitwear export market.

Mr AMA Muhith assured the delegation that the garment sector problems and demands will come up for discussion at the second meeting of the taskforce on recession, due on September 15-16.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Evelyne Cholet
UCMTF

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

Milind Khandwe
Hindoostan Innovation Centre

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

Eamonn Tighe
Nature Works LLC

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Pranav Mishra
Huemn

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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