MoC proposes 20pc cash incentive on BTS export

 The ministry of commerce (MoC) has proposed that the ministry of finance (MoF) should provide 20 per cent cash incentive on export of blood tubing sets (BTS) for haemodialysis aiming to diversify export goods, officials said.
Commerce Minister Tofail Ahmed has recently sent a letter to Finance Minister Abul Maal Abdul Muhith in this connection.  
According to the letter, NIPRO JMI Company Ltd, a sister concern of JMI Group, produces blood tubing sets which are necessary for haemodialysis. The company has recently requested the MoC to provide them with cash incentives on export of its BTS.
The commerce minister in the letter said there are 10/12 companies across the globe including NIPRO JMI Company Ltd. The authority concerned has invested Tk 2.50 billion in blood tubing sets.
At present, the company has 1,000 workers. It is possible to increase the number of workers to 5,000 if the government provides the company with 20 per cent cash incentive on export of its BTS. The factory can produce 24 million blood tubing sets annually, the letter said.
The market of BTS across the world has been expanding gradually due to an increase in diabetics patients. There are 2.50 million kidney patients in the world. Of them, about 2.25 million need haemodialysis. As a result, nearly US$ 61.0 billion are being spent for treatment purposes, the letter said.
Earlier, the company said they were exporting their products to ten countries, including those in the Europe. They are getting a good number of export orders. But they cannot cash the orders due to competitive prices, the letter said.
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