Govt releases Tk 4.0b export incentives

The government has released cash incentives of Tk 4.0 billion against export earnings.

It is the second portion under the first installment for the current fiscal year (FY 2024-25).

Export-oriented sectors like readymade garment (RMG), frozen shrimp and other fish, leather items, jute and jute products enjoy such incentives, according to an official order of the Finance Division issued recently.

A special 1.0 per cent cash incentive support fund for the RMG industry has also been included in the installment.

Currently, the government provides up to 20 per cent cash subsidy on exports of more than 30 products.

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