BGMEA President Md. Siddiqur Rahman urged the government to pay special attention to the RMG industry while preparing the upcoming national budget.
He made the call at a pre-budget discussion organized by private television channel NTV and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) at the Sonargoan Hotel in Dhaka on 20 May.
Honorable Finance Minister AMA Muhith attended program as chief guest while Honorable Commerce Minister Tofail Ahmed, FBCCI President Abdul Matlub Ahmad, former Caretaker Government Adviser AB Mirza Azizul Islam, economist Wahiduddin Mahmud and other business leaders were present.
BGMEA President Md. Siddiqur Rahman proposed for 10 percent special corporate tax rate and reduction of tax at source to 0.30 percent from existing 0.60 percent in the next fiscal year for the RMG industry to attract investment and help sustain competitiveness. He urged the government to keep import of all the safety equipment duty free.
The BGMEA President also laid emphasis on employment generation along with achieving higher economic growth. Besides, he sought policy support from the government for other emerging sectors, including leather, pharmaceuticals and plastic industries of the country.