BANGLADESH KNITWEAR COMPANIES TO RECEIVE ADDITIONAL GOVERNMENT HELP
November 1st, 2009
BY RAGHAVENDRA VERMA
BANGLADESH knitwear companies such as Ambia Fashion Wear and Knitex International are looking forward to further relief following their government's announcement last week of a second economic stimulus package within one year. It will funnel US$150 million to Bangladeshi export industries - mainly in the knitwear, garments and textiles sector - through direct export subsidies, fiscal policy support and assistance to lower input costs. Also, in directives to Bangladeshi banks, the government has ordered interest rates for lending to the ...
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