Industry welcomes Tk 20,000cr pre-financing facility
Bangladesh, June 5 -- Entrepreneurs have welcomed Bangladesh Bank's newly introduced Tk 20,000 crore pre-financing scheme for closed industrial and service-sector enterprises, describing it as a significant initiative to revive distressed export-oriented factories, protect jobs and strengthen foreign exchange earnings.
Although no official figures are available, industry sources estimate that between 500 and 1,500 export-oriented factories are currently either fully or partially idle across sectors including garments, textiles, leather, plastics, ceramics and home textiles.
Many of these businesses have been affected by a combination of factors, including foreign currency shortages, energy supply constraints, high borrowing costs, subd...
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