The Government has been requested to extend the financial incentive on export earnings until 2032 by leaders of the nation’s textile and clothing industry. Additionally, they pushed the Government to reevaluate a few of its main concerns, such as lowering the source tax.
At a joint press conference following the budget, which was held on Saturday at the BGMEA office in Uttara, they stated these demands.
During the news conference, representatives from the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), Bangladesh Textile Mills Association (BTMA), and Bangladesh Garment Manufacturers and Exporters Association (BGMEA) gave speeches.
They urged the Government to withdraw the 1 per cent duty on the import of capital machinery and construction materials by factories located in the economic zones.
The leaders of the country’s textile and apparel sector also demanded the introduction of a special financing scheme for sustaining the country’s small and medium industries.
During the media briefing, BGMEA President SM Mannan Kochi said, “We expected that there were some policy supports for the country’s readymade garment industry, especially reducing source tax to 0.50 per cent and considering it as the final settlement, among others.”
Among others, BKMEA Executive President Mohammad Hatem and BTMA President Mohammad Ali Khokon spoke on the occasion.
