CPD RMG Study Stitching a better future for Bangladesh
Every day, CPD RMG Study team reveals what’s on our economic and apparel radar and curates a selection of the best reports, opinion, and analysis you may have missed
India brings no cheer to garment exporters
Garment exports to India declined in fiscal 2016-17 thanks to 12.5 percent countervailing duty by the neighbour, which negates the benefit of duty-free access, and the emergence of its own apparel manufacturing industry, the Daily Star reported.
Last fiscal year, garment shipments to India, a market of more than $40 billion, fetched $129.81 million, down 4.85 percent year-on-year, the report added.
Container congestion at Ctg port to ease soon
Amid a huge ship and container congestion in Chittagong port, the revenue board chairman has assured the businesses, exporters and importers that the port and Chittagong Customs House will remain open and operational round the clock until further notice, the Financial Express reported.
“Congestion will ease shortly by keeping import and export activities running round the clock,” the report quoted Chairman of the National Board of Revenue (NBR) Md Nojibur Rahman as saying.
Mirsarai zone may catalyse $25b investments by 2030
Mirsarai Economic Zone is expected to fetch US$ 20-25 billion investments by 2030 opening up a new era of industrialisation and job creation in the country, the Financial Express reported.
“We’ve so far received investment proposals worth around US$ 10 billion. In Mirsharai, we expect it will cross US$ 20 billion,” the report quoted executive chairman of the Bangladesh Economic Zones Authority (BEZA) Paban Chowdhury as saying.
