Home / Knowledge / News / Textiles / Bangladesh creating database with 27000 RMG units' details

Bangladesh creating database with 27000 RMG units' details

14
Jun '19
Bangladesh finance minister AHM Mustafa Kamal presenting the Budget 2019-20 in Jatiya Sangsad. Pic: bangalinews
Bangladesh finance minister AHM Mustafa Kamal presenting the Budget 2019-20 in Jatiya Sangsad. Pic: bangalinews
After creating a database of information on 4,808 readymade garment (RMG) factories, Bangladesh is now working on a database containing details of 27,000 such units, finance minister AHM Mustafa Kamal announced in his 2019-20 budget speech. To boost female employment, 4,706 day-care centres have been set up in different factories till February 2019, he said.

The centres will be supervised by the Department of Inspection for Factories and Establishments, he said.

Four RMG sub-sectors are receiving export incentives now at 4 per cent. Kamal proposed to offer one per cent export incentive in the next fiscal to the rest of the RMG sub-sectors. An additional allocation of Tk 2,825 crore will be made in the budget for this purpose.

The RMG tax rate is 12 per cent and 10 per cent if there is green building certification. For textile sector, the tax rate is 15 per cent. These sectors are enjoying reduced tax rates for long and this advantage will expire on June 30.

Considering the contribution of these sectors to the country’s economy, particularly in boosting exports and generating employment, the finance minister proposed to continue this provision of reduced rate of taxes for these sectors.

A complete inspection checklist based on labour laws in the country has been formulated, which will enable labour inspectors to ensure compliance while inspecting factories and establishments. Compliance of 8,261 factories and establishments has been ensured from fiscal 2015-16 to February 2019, he said.

To promote a worker-friendly atmosphere in mills and factories, a piece of legislation called Bangladesh Labour Act (Amendment), 2018, was enacted in line with standards of International Labour Organisation (ILO).

In addition, the government promulgated the EPZ Labour Ordinance 2019, which introduced provisions for the recruitment of workers in industries, owner-worker relationships, determination of the minimum wage rate, payment of wages, compensation for injuries to workers due to accidents during working hours, introduction of provisions on health, safety, etc. of workers, formation of workers’ welfare associations, and formation of the EPZ Workers’ Welfare Association the minister noted.

In December 2018 of the current fiscal, minimum wages were fixed in eight industrial sectors including readymade garments. The ‘Bangladesh Labour Welfare Foundation Fund’, formed to ensure the welfare of workers employed in both formal and non-formal sectors, have provided assistance amounting to Tk 28.05 crore to a total of 6,052 workers from fiscal 2012-13 till now, he said.

A sum of Tk 57.05 crore has been provided to 2,981 workers employed in 100-percent export oriented garment industries from the aforementioned fund from fiscal 2016-17 till now. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Bangla trade bodies happy with proposed budget

Textiles | On 17th Jun 2019

Bangla trade bodies happy with proposed budget

Most trade bodies and business associations in Bangladesh are...

Pak PHMA rejects 17% sales tax on five key export sectors

Textiles | On 17th Jun 2019

Pak PHMA rejects 17% sales tax on five key export sectors

The Pakistan Hosiery Manufacturers Association has rejected 17 per...

Pic: Coresight Research

Information Technology | On 17th Jun 2019

Chinese consumers are more digital than westerners

Chinese consumers have higher expectations than ever before: they are ...

Interviews View All

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions &amp; Vertriebs Gmbh, founded in 1978 and headquartered ...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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

Leave your Comments


June 2019

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

news category


Related Categories:

Advanced Search