Bangladesh Garments Accessories & Packaging Manufacturers & Exporters Association (BGAPMEA) on Sunday awarded 13 companies for their contribution to the local garment industry and export trade.
Planning Minister MA Mannan, as the chief guest, handed over the gold, silver and bronze trophies to the winners under four categories - small, medium, large and direct export - at the concluding ceremony of a four-day GAPEXPO-2019.
BGAPMEA organised the event at the International Convention City Bashundhara (ICCB) in the city.
Bangladesh Bank Deputy Governor Ahmed Jamal and National Board of Revenue (NBR) Member (Customs, Export, Bond & IT) Sultan Md Iqbal attended the function as special guests, with BGAPMEA President Md Abdul Kader Khan in the chair.
The minister assured the fast growing local garment accessories and packaging industry of providing all policy support and said the government would consider the possibility of offering cash incentives to the subsector.
He said the government is interested to provide cash incentives to the export-oriented industries, but it will assess the economic value of the idea first and scrutinise whether it is equitable comparing to other sectors or not.
The BGAPMEA president said the country's garment accessories and packaging industry has been exporting various products after meeting the local demand.
The subsector would contribute around US$ 12 billion to the country's $50 billion export target set for the readymade garment (RMG) industry by 2021, he said.
Mentioning that the corporate tax for the export-oriented industries reduced to 12 per cent from 35 per cent, Mr Khan urged the government to provide the garment accessories and packaging subsector with similar facility.
Citing Export Promotion Bureau (EPB) data, he said the country's RMG industry has seen a growth of 15.65 per cent in the first six months of the current fiscal year (2018-2019) while the accessories and packaging industry grew at 8.5 per cent.
The award winners under small category were Trims International (gold), Grace Accessories (silver) and Poly Corr Packaging (bronze).
Siam Computerised Elastic Ltd (gold), KDS Poly Industries (silver), and Sans Packaging and Accessories Industries Ltd (bronze) were the winners under medium category.
The awards of large category went to Montrims Ltd (gold), KDS Accessories Ltd (silver) and Eltafil Accessories Ltd (bronze).
Montrims Ltd (gold), Simtex Industries Ltd (silver) and Al-Muslim Accessories were awarded for their excellence in direct export.
Besides, a special award was given to Nur A Nazneen Khan of Green House Ltd under the category of women entrepreneur in BGAPMEA.
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