A 3-day Chittagong Apparel, Fabrics and Accessories Exposition – 2014 (CAFEXPO) began at the port city yesterday to showcase garment accessories.
Bangladesh Garment Manufacturers and Exporters Association organised the show at MA Aziz Stadium.
The CAFEXPO remains open for exhibition till March 22, starting from 10 am in the morning to 8 pm in the evening. A number of 60 services including garments, garment machineries, banks and compliances are being exhibited.
“The government has increased the cash incentives to 3% from the existing 2% to cover the losses caused by the political unrest including hartals and blockades last year,” Commerce Minister Tofail Ahmed told the inaugural ceremony.
He said the government also reduced the export tax at source to 0.30% from 0.80%.
Prime Minister Sheikh Hasina has taken the decision to provide cash incentives to give a cushion to RMG sector, as the factory owners had incurred huge losses due to hartals and blockades, which would be effective in a day or two, the minister said.
