The Bangladesh Textile Mills Association (BTMA) has called upon the country’s Government to make available 5 per cent cash incentive for export of non-cotton apparel items made with locally produced yarn and fabrics.
As per reports, the BTMA has written to the country’s Commerce Minister Tipu Munshi in this direction.
It may be mentioned here that earlier the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) had written to the Commerce Ministry seeking 4 per cent additional cash incentive against export of apparel products made with non-cotton fabrics.
However, the BTMA President feels if the Government provides cash incentive against the export of non-cotton apparels made using imported fabrics, it would be of little help to the industry as huge amount of foreign currency is spent for such imports.
