The incentive was increased to 25 per cent in 1995 to attract investment in the textile sector in support of the government's policy of expediting the backward linkage in the country's garments sub-sector.
12.
He said, the investors had put their money in the backward linkage industry, such as in spinning and waving, taking into consideration the financial support as part of their cost recovery in the short run.
13.
Equipping the textile industry with qualified manpower with updated technical knowledge, expertise and skill is essential in building the appropriate backward linkages at the shortest possible time to face the challenges of quota-free post-MFA period.
14.
They urged the government to pursue the World Trade Organisation ( WTO ) to extend the phasing out time of the multi-fibre agreement for another ten years after the year 2004 to help Bangladesh develop its infant backward linkage industries, which is essential for the survival of ready-made garments sector.
15.
The country's fairly successful ready-made garments'( RMG ) industry, that is yet to build up the necessary backward linkages, would be faced with a more severe and ruthless competition in the global market as the new World Trade Organisation ( WTO ) regime comes into effect, and the quotas and other preferential systems are done away with.
