Govt mulls giving certain perks to apparel sector
Wednesday, 1 April 2009
FE Report
Commerce minister Faruk Khan Tuesday said the government is considering providing certain perks to the apparel sector in the backdrop of the worldwide financial crisis.
He said: "The government is planning to reduce tariffs and improve banking support to the recession-hit industries, so that they could get through the recession."
Faruk Khan said this when a delegation of the BGMEA (Bangladesh Garment Manufacturers and Exporters Association) led by its president Salam Murshedy met him at his ministry Tuesday.
BGMEA, the country's apex trade body of garment manufacturers, asked the government for bank loan on easy-term and easing rules of the Credit Information Bureau (CIB) of the central bank to help textile exporters in this trouble times.
The BGMEA leaders handed over a 31-point demand of the apparel sector to commerce minister Faruk Khan.
"All demands placed by the BGMEA team are logical, we will support them as much as we can and it will be done on a priority basis," Faruk Khan added.
"The government will announce shortly an assistance package to save the local export oriented industries," Mr Faruk added.
Commerce minister Faruk Khan Tuesday said the government is considering providing certain perks to the apparel sector in the backdrop of the worldwide financial crisis.
He said: "The government is planning to reduce tariffs and improve banking support to the recession-hit industries, so that they could get through the recession."
Faruk Khan said this when a delegation of the BGMEA (Bangladesh Garment Manufacturers and Exporters Association) led by its president Salam Murshedy met him at his ministry Tuesday.
BGMEA, the country's apex trade body of garment manufacturers, asked the government for bank loan on easy-term and easing rules of the Credit Information Bureau (CIB) of the central bank to help textile exporters in this trouble times.
The BGMEA leaders handed over a 31-point demand of the apparel sector to commerce minister Faruk Khan.
"All demands placed by the BGMEA team are logical, we will support them as much as we can and it will be done on a priority basis," Faruk Khan added.
"The government will announce shortly an assistance package to save the local export oriented industries," Mr Faruk added.