Meng Government Intends To Save Heavily Textile And Clothing Enterprises.

On Sunday, monk finance minister AMA MUHITH said it would introduce a rescue plan of 2 billion 500 million Taka (about 36 million 800 thousand dollars) for leather exporting enterprises. On Sunday, Prime Minister Meng HASINA promised to provide a special package of relief programs for export enterprises to help the severely damaged enterprises in the financial crisis. At present, the Meng industrial and Commercial Federation has proposed a total amount of up to 60 billion Taka (about 883 million US dollars) plan. The plan includes: providing 330-350 billion Taka (about 4.85-5.15 billion dollars) for clothing export enterprises; providing 14 billion Taka (about $210 million) for textile export enterprises; the remaining funds will be invested in jute, leather, frozen meat and vegetables and other primary products export enterprises. At the same time, the government will issue long-term bonds with higher interest rates to raise funds, reduce annual development plans, cut down unnecessary expenses, lower the tax rate on primary products and intermediate products, and reform the punishment measures of the central bank on defaulting companies. The news did not disclose the time of the release of the rescue plan, but MASHIUR RAHMAN, a financial adviser, said that the actual rescue plan should be much lower than the plan proposed by the Federation of industry and commerce. More clothing investment information, click here to enter the responsibility editor: Wang Xiaonan