Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Terming the mismatch in export figures a 'conspiracy', the Bangladesh Textile Mills Association (BTMA) on Saturday alleged that showing higher export growth has harmed the entrepreneurs in the textile sector and reduced the benefits they receive.
Reducing cash incentives would severely jeopardise the country's backward linkage textile industry, BTMA President Md Ali Khokon said at a press conference.
Such measures would also halt its progress, potentially leading to the closure of many mills in the future, like the jute industry, he added.
He made the remarks while addressing a press conference at BTMA's Kawran Bazar office in the city.
"When we brought the issue to the government's attention at a Bangladesh Bank meeting that export figures were being reported higher, the governor scolded us saying exports had increased, yet we (exporters/textile millers) claimed lower growth," he said.
"Now it has been revealed that the exports were indeed lower," he said.
The BTMA leader demanded cash incentive supports at previous rate until alternative policy supports are being provided.
He also called for a timely textile policy and a year of grace period for loan repayment.