New budget : BGMEA demands 3pc cash incentive for RMG sector
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has demanded three percent cash incentive for the garment sector in the budget for 2019-20.
“There’s an estimated one percent incentive in the proposed budget that’s not enough for the industry. So, we demand three percent incentive to meet our challenges and compete in international markets,” BGMEA President Rubana Huq said this at a press conference on the proposed budget at a city hotel on Sunday.
This is very good that an amount of Tk 74,367 crore has been allocated for social safety net, Rubana Huq said hoping that apparel sector workers would be brought under the social safety net program.She also said the proposed budget is business- and people-friendly one. “But we cannot be 100 percent happy with it. We’re 70 percent happy at the budget.”
“We’re facing many challenges in product diversification, improving image crisis, technological development, innovation and value edition. Our orders have been reduced as consumers demand changed in global markets,” she said.
source:https://businessnews24bd.com/new-budget-bgmea-demands-3pc-cash-incentive-for-rmg-sector/
