Dhaka, Feb. 3 -- Leaders of the apparel and textile sector have urged the government to overhaul the existing cash incentive structure to enhance the competitiveness of local spinning mills.

Without targeted support, the primary textile sector could continue to lose ground amid rising costs and weak global demand, they warn.

They have proposed shifting incentives to the yarn pricing stage at the point of sale, rather than the current export-linked mechanism, to ensure direct benefits for spinners and stabilise the supply chain for garment exporters.

The call comes ahead of a meeting of the Ministry of Finance with key stakeholders, including the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the Bangladesh Knitwear...