Rajshahi silk industries to hit hard by increased licence fees, taxes
Monday, 23 July 2007
Our Correspondent
RAJSHAHI, July 22: The silk producers along with other small and medium traders of Rajshahi city are likely to face hard times in running their businesses, as Rajshahi City Corporation (RCC) has recently re-fixed the trade licence fees and other commercial taxes, said sources.
Among the traders, the most sufferers are the local silk producing factories, as from May 13, the yearly tax of these factories has been increased to Tk 2,000 from Tk 480. This would cast a negative impact on the silk production in the region, said the factory owners.
Earlier, the government had been encouraging the production of the legendary silk by providing loans to the silk factories on easy terms and giving them electricity connection at 15 per cent lesser charge.
It is learnt that the raised trade license fees has been imposed upon the silk factories along with 168 other categories of factories, industries and business establishments. The trade licence fees of other businesses of the city have also been increased two to four times than the previous rates, the sources added.
RAJSHAHI, July 22: The silk producers along with other small and medium traders of Rajshahi city are likely to face hard times in running their businesses, as Rajshahi City Corporation (RCC) has recently re-fixed the trade licence fees and other commercial taxes, said sources.
Among the traders, the most sufferers are the local silk producing factories, as from May 13, the yearly tax of these factories has been increased to Tk 2,000 from Tk 480. This would cast a negative impact on the silk production in the region, said the factory owners.
Earlier, the government had been encouraging the production of the legendary silk by providing loans to the silk factories on easy terms and giving them electricity connection at 15 per cent lesser charge.
It is learnt that the raised trade license fees has been imposed upon the silk factories along with 168 other categories of factories, industries and business establishments. The trade licence fees of other businesses of the city have also been increased two to four times than the previous rates, the sources added.