The government has brought some major changes to the incentive structure for exports in order to achieve a higher overseas sales target set for the current fiscal year.
Bangladesh Bank on Thursday released an incentive structure for 2017-18, granting stimulus to five sectors for the first time and increasing existing rates for four.
With the new additions, 27 sectors will receive 2 to 20 percent incentive on the price of the goods. The number of sectors entitled for the benefit was 22 in the last fiscal year.
The five new sectors which were awarded higher incentives are IT-enabled services and hardware (10 percent), shoes made of synthetic and fabrics (15 percent), active pharmaceuticals ingredients (20 percent), accumulator battery (15 percent), and goods produced from coconut fibre (20 percent).