Experts urged the government to extend supports to domestic electronics and tech industry to recover the losses due to Covid-19. With the government's timely policy supports, the reputation and contribution of electronics and hi-tech goods manufacturing sector spread across the world, especially in the production of compressors and refrigerators, has created new milestone. Thereby, senior government officials, economists and sector's entrepreneurs have expressed their views in favor of continuing the existing facilities for the development of domestic electronics and technology industry, claims a statement.
The domestic manufacturers are exporting to over 40 countries and the items include compressor and its components, refrigerator, television, air conditioner, home appliance, mobile phone, laptop, among others. Bangladesh Securities and Exchange Commission Chairman Professor Shibli Rubayat-Ul-Islam said, "The existing VAT exemption and other facilities for domestic manufacturing industries need to be upheld in future." Additional Commerce Secretary (Planning) Mosharraf Hossain said, "The government believes that investment in the country will increase if it helps in the development of domestic industries and increases investment opportunities."
Export Promotion Bureau's Director General Mahbubur Rahman said, "The government is interested in any issue that is conducive to the country's industry. I think a positive decision will be taken in this regard." In this regard, Bangladesh Trade and Tariff Commission's Chairman Afzal Hossain said, "We will seriously consider the demands for any kinks of policy supports sought by the domestic entrepreneurs."
Bangladesh Refrigera-tor Manufacturers and Exporters Association (BRMEA) Secretary General Zahidul Alam said, "The country's electronics and technology industry had suffered from corona pandemic." "Prices of raw materials and spare parts for electronics and technology products have risen sharply in international market due to raw material supply crunch. And thus, the prices of these products have already gone up at the consumer level" he added. The United Nations Development Program Bangladesh's Country Economist Dr Nazneen Ahmed said that the budget for 2021-22 fiscal year was industry friendly and employment friendly.
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