If anything, export concentration—more specifically, dependence on readymade garments RMG —has increased further. The contribution of new products, identified by the six-digit level of the harmonised system of trade classification, to the overall export growth between andwas less than five percent for Bangladesh in comparison to 78 percent for Malaysia, 42 percent for Vietnam, 32 percent for China, 25 percent for Sri Lanka and 20 percent for India.
The PLI may have the flexibility to execute the GA with either of the nodal agencies or with both the nodal agencies for providing subsidy to the eligible beneficiaries under the scheme. However, in the latter case, while claiming the subsidy from one nodal agency, the PLIs will have to give the undertaking to the nodal agency that they have not Rmg exports subsidy under CLCSS in respect of the beneficiary unit from the other nodal agency as the case may be.
The subsidy forecast information for every quarter on or before 1 st March for April-June quarter, on or before 1 st June for July-September quarter, on or before 1 st September for October-December quarter and on or before 1 st December for January-March quarter, may be furnished as per prescribed format.
The eligible PLI shall furnish details of release of subsidy to the beneficiary units, together with the request for replenishing advance money placed with PLI for release of subsidy, on quarterly basis on March 1, June 1, September 1 and December 1.
The requests of PLI for replenishment of advance money for subsidy, however, would be entertained by the nodal agencies only on receipt of complete details of subsidy released to the beneficiary units.
The eligible PLI shall be responsible for ensuring eligibility for sanction of subsidy to the SSI units in terms of Government of India guidelines under this scheme and also for disbursal and monitoring of the assisted units.Exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh's total merchandise exports in By the (RMG) industry was the only multibillion-dollar manufacturing and export industry in Bangladesh, accounting for 75 per cent of the country's earnings in that year.
Tirupur, the main hub for knitwear in the country witnessed growth in its garment exports by percent to Rs23, crore in fiscal year It contributes nearly 90% of .
major products of rmg export Bangladesh manufactures and exports mainly woven garments and knit garments in the form of shirts, trousers, jacket, t-shirt, sweater etc. Woven garments were exported more than the knit garments till but later on knit garments exceeded woven garments in .
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