Bangladesh, July 13 -- Bangladesh Bank (BB) has raised the cash incentive for export-oriented textile manufacturers using locally sourced raw materials to 5 per cent from the previous 1.5 per cent for the 2026-27 fiscal year, in a move aimed at strengthening the competitiveness of the country's textile and apparel sector.Flood relief donations

The central bank's Foreign Exchange Policy Department (FEPD) issued the revised directive through Circular on Sunday, amending provisions of an earlier circular issued on July 5.

According to the circular, the enhanced rate will apply under the alternative cash assistance scheme available to eligible exporters.

The decision follows a government directive designed to encourage exporters to source...