Two new sectors to get cash incentives in BANGLADESH

Two new sectors and 15 commodities will enjoy 5 percent to 20
percent cash subsidy in the current fiscal year. These sectors are
finished leather and PET ( polyethylene terephthalate) bottle. In a
circular to all commercial banks, Bangladesh Bank yesterday set the
amounts of subsidy for the sectors. The central bank circular also
made it clear that subsidy for some sectors hit by global recession
will continue this year. The export-oriented local textile sector will
get 5 percent subsidy, frozen fish 12.5 percent and leather goods
17.5 percent. Hogla, fruits and goods made manually from leftover
sugarcane will get 15 percent to 20 percent. Agricultural goods and
processed agri-products will get 20 percent, potato 10 percent,
bicycle 10 percent, bone dust 15 percent, jute goods 10 percent,
hatching eggs and chicks in the poultry industry and light
engineering goods 10 percent, liquid glucose produced in Ishwardi EPZ
20 percent, fully halal meat 20 percent, finished leather 7.5
percent and PET bottle 10 percent.