Bangladesh, July 12 -- Cash incentives for Bangladesh's export-oriented ready-made garment (RMG) manufacturers have been redoubled to 5.0 per cent from 1.5 per cent for resuscitating struggling spinning industry through greater use of locally produced yarns and fabrics.Geographic

Advertisement The Finance Division issued on July 9 a notification making the revised incentive package effective retrospectively from July 1, 2026.

The move came hours after Finance Minister Amir Khosru Mahmud Chowdhury met leaders of Bangladesh Textile Mills Association (BTMA), led by its president Showkat Aziz Russell, at the National Board of Revenue (NBR) headquarters.

Under the new policy, garment exporters will be eligible for the cash incentives only ...