Accessory manufacturers demand cash incentives, loan rescheduling

Garment accessory makers are demanding for cash incentives on exports in the upcoming budget, saying they are contributing to almost all export-oriented sectors. “The accessories makers are not under the government’s incentive policy although the garment sector has been enjoying such benefits for a long time,” said Rafez Alam Chowdhury, President of BGAPMEA, who further urged the Finance Minister to allocate funds to facilitate the establishment of a packaging and accessories institution for skills development.

The association also demanded a loan rescheduling facility, as the country’s exports were affected by prolonged political unrest at the beginning of the year. Chowdhury urged the Government to grant a down payment option in loan rescheduling for all export-oriented sectors.

Also Read: Government help necessary to set up packaging institute and lab, states BGAPMEA