BD's MMF apparel export likely to double in years
Dhaka, April 29 -- Bangladesh has huge potential to double its man-made fibre (MMF) or non-cotton garment shipment within years through providing required policy support and addressing bottlenecks, industry people said.
A recent study styled 'Upscaling the RMG Sector' by the Research and Policy Integration for Development (RAPID) identified multiple policy issues and constraints like lack of access to duty-free raw materials.
The textile industry faces challenges as many MMFs are subject to import duties with cotton enjoying a duty-free status.
Inefficient customs clearance and complicated duty-drawback procedures, discriminatory policies on PET bottle and scrap imports and plastic waste exports, limited capital investment support for ...
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