Textile & Apparel
Textiles
Bangladesh Bank extends forex loan tenure for capital machinery import
Dec 03, 2024
Insights
- Bangladesh Bank has extended the tenure for foreign exchange loans under buyers and suppliers credit for importing capital machinery from a year to three years.
- It extended loan tenures for entities with existing medium- and short-term agreements to import such machinery, while prohibiting any interest rate hike.
- Registration with BIDA and the textile department is mandatory to get the benefits.