A Task Force (TF) led by Textiles and Jute Minister Shahjhan Siraj submitted proposal to Prime Minister Khaleda Zia.
It sought updation of existing textile policy and hike in tax incentives from 5 to 10 percent for a five year period.
Country's 80 percent of knit fabric and 40 percent of woven fabrics are exportable after duly fulfilling domestic demand as well.
Textile industry accounts for 85 percent of the total exports of the country and the Government has set export target of US $10 billion by 2010.
Bangladesh Textile Mills Association has advised to correct inequality between public and private financial institutions.
Task Force has also requested continuation of tax holiday for the textile sector to improve sector domestic as well as globally.
To attract the foreign investment, it has asked the Government to establish high-tech park, readymade garment village and industrial parks to attract foreign investment.
Duty free imports of the essential raw materials such as dyes and chemical have been demanded that will help local manufacturers to ensure cost effective production.
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