Bangladesh Government Supports Small Garment Manufacturers

The People's Republic of Bangladesh Garments and garments Small and medium-sized units in the sector are generating electricity for their own use and expansion. new product The market will receive financial support from the government. The mechanism will be based on second stimulus policies, according to a notice issued by the Central Bank of Bangladesh on Sunday.

The notice said that less than one megawatt generator capacity in the small and medium-sized units of the clothing and garment sector will receive 10% of their generating cost.

Ready-made clothes Clothing department Expanding their product distribution will also give incentives to 5% of their export value.

The Central Bank of Bangladesh said in a notice last November 9th that garments and garment factories export their products to countries other than countries such as the United States, Britain, Canada and the European Union. They will receive 5% incentives in fiscal year 200910, 4% in fiscal year 2010-11, and 2% incentive in the current fiscal year.

The Bangladesh government set up a working group in 2009 to find ways to offset the negative impact of the global recession on the export sector. After receiving the recommendations of the working group, two announces were made. Stimulus policy 。 In the last fiscal year, export revenue increased by 41.47%.