With the Bangladesh government releasing a total of Tk 25.92 billion as cash incentive in the fiscal year 2013-14 to encourage jute and jute goods sector. The Ministry of Textiles & Jute feels the need to increase export subsidy on jute yarn in the upcoming fiscal year to further lift exports to the international market.
The Ministry of Textiles & Jute would be putting forward proposal to the finance ministry to increase the export subsidy offered to jute sector from 7.50 percent to 10 per cent.
The request will be forwarded through a letter to the finance ministry for increasing cash subsidy on jute yarn to 10 percent.
During the first nine month of the current fiscal, the jute and jute goods sector, a negative growth of around 20 per cent was seen over the corresponding period of the last fiscal.
Jute sector needs munificent support from the government to increase the share of its export market. Cash incentive on export offered by the government is an assistance which is performance based. If these cash subsidy were increased jute mills would increase their production to get this benefit. This in turn will help to increase the efficiency level of Bangladesh’s jute industry.
Hyosung will present its latest textile innovations made from renewable and recycled resources at Première Vision Paris, taking place from…
Karl Mayer has expanded its RDJ machine range with the new RDJ 6/2 in E 32 gauge to give manufacturers…
Manchester-based clothing manufacturer WAWWA is investing £120,000 in digital manufacturing technology to improve factory productivity and reduce material waste.
HKRITA has developed an intelligent clothing system that can automatically adjust its thermal insulation according to changes in temperature.
British knitwear manufacturer John Smedley and London-based fashion label Wales Bonner have released their second co-branded collection for Autumn/Winter 2026.
ReFiber has launched a campaign to collect unused clothes from consumers and help address the growing problem of post-consumer textile…