Try posting it at www.pcbworld.com <http://www.pcbworld.com/> in the
member's area, business-to-business section.
You can access the members area by using the username: - frances and
password: - pcbworld
If you are interested in posting the details elsewhere at the site please
contact me offline
-----Original Message-----
From: TechNet [mailto:[log in to unmask]]On Behalf Of S N Corporation, USA
Sent: 19 October 1999 07:51
To: [log in to unmask]
Subject: [TN] Grants for Export Oriented Offshore PCB Facility in Bangladesh
We are looking for a PCB manufacturing company who would be interested to
set up an offshore PCB facility in Bangladesh to take the advantage of low
infrastructure related cost, easily trainable cheap labor, excellent tax
incentive such as 100% tax exemption for 10 years and 50% thereafter and no
import tax/custom duty on imported equipments and raw materials. Grants from
World Bank and European Community (EC) may be available for this purpose.
Information regarding the grant of World Bank and EC is attached below.
I have been trying to find out a PCB manufacturing for a long time but could
not succeed. I posted this message before in this forum but hav't reached
anywhere. Can anyone tell me which would be a right forum to find such a
company. Any help regarding this will be highly appreciated.
Thanks for your time and cooperation. We are sorry, if this email causes any
inconvenience to anyone.
I am in Bangladesh. My number is +880-2-9565131 or +880-2-9565132. You can
call me at home too due to time difference. My home number is 880-2-871014.
If you like to talk to our company representative in USA, you can call Mr. M
A Shakur, Director at 914-946-6051.
Looking forward to hear from you.
Sincerely
Syed Arif Mahmud
Business Development Manager
INTRODUCTION TO THE MATCHING GRANT FACILITY (MGF)
WHAT IS THE MGF?
It is an innovative program of 50% cost-sharing launched by the Government
of the People's Republic of Bangladesh (GoB) with IDA (The World Bank)
Credit to enable exporters to undertake appropriate level of market and
product development efforts needed for attaining competitiveness resulting
in increased exports and profitability. The focus of this program is to
induce exporters to buy expert services for diversifying their products and
markets. This type of assistance program has yielded high returns for the
exporters in other countries like Argentina, India, Indonesia, Ireland,
Singapore, Uganda, and United Kingdom.
FOR WHOM IS THE MGF?
Grants under MGF are available to:
(i) exporters of goods and services to increase their international
competitiveness; and
(ii) local service providers to enhance their capabilities to service
exporters.
OBJECTIVES OF THE MGF
The MGF has been established to lead the Bangladeshi private sector to
greater and more diversified exports by assisting exporting firms to become
more competitive through the use of business development services and
intensive foreign market exploration.
DURATION OF THE PROJECT
The MGF has been in operation from August 1, 1999 and will run through July
31, 2002.
BENEFITS
INIGF Exporter Grants (ExGs) clients will benefit by becoming more competent
in increasing their export sales and derived profits. Its Service Provider
Grants (SPGS) will benefit clients by enhancing their existing services and
by creating new services that are purchased by export firms.
Clients will also be extended free of cost MGF "hand-holding" assistance for
choosing the best possible use of business development services to (a) build
their product and managerial competitiveness for and in export markets, (b)
refine their export or service development plans, and (c) execute the
approved plans.
The MGF will encourage prospective clients to grow by becoming more
market-reactive and proactive and competitive through reimbursing them 50%
of eligible costs of an approved export diversification /development plan or
service development plan.
CLIENT ELIGIBILITY
Prospective clients eligible for Exporter Grants (ExGs) are private firms
who are current exporters, providers of inputs to exporters, producers on
the threshold of exporting, and pre-investors in proposed new export
activities.
Prospective clients eligible for Service Provider Grants (SPGS) are both
private firms and nongovernmental bodies e.g. chambers and trade
associations which provide professional and support services to exporting
firms.
ACTIVITIES/EXPENSES ELIGIBLE FOR MGF SUPPORT
Eligible activities are a wide range of professional services to be used by
MGF clients, aimed at creating a greater ability to compete internationally
and their support costs, travel and incidental expenses, are also eligible.
ACTIVITIES/EXPENSES INELIGIBLE FOR MGF SUPPORT
Ineligible expenses are capital costs, operational costs, recurrent costs,
maintenance costs and others not included in an approved export or service
development plan and budget.
The MGF will supply more specific listings of eligible and ineligible
activities with the Application Package.
APPLICATION AND DEVELOPMENT PLANS
Requests for Grant Support will be entertained on submission of Prescribed
Application Forms accompanied by Draft Development Plans, on
first-come-first-served basis. Relevant Forms and Guidelines will be
provided to eligible interested parties by e-mall, Internet, fax or
delivered as described at the end of this flyer.
MAXIMUM OF SUPPORT REIMBURSEMENTS
In the case of ExGs, the MGF may reimburse up to a total equivalent of
US$200,000 per company or holding of companies. Sector maxima are given in
the application package. For SPGS, a maximum of $50,000 may be reimbursed
to private firms or $200,000 to eligible nongovernmental institutions. In
all cases these figures represent cumulative totals per recipient.
MODE OF GRANT PAYMENT
Payment of the 50% grant is by reimbursement after the MGF client has borne
the entire cost, submitted proofs of activity completion (the
"deliverables") and of his payment of qualifying costs. The other 50% of
costs shall be on the client's account without any additional subsidy from
other sources.
EC to provide wide range of support to Bangladeshi companies
The European Community (EC) under its Asia-Invest program, will extend a
wide range of support to Bangladeshi companies to help them grow
internationally, reports UNB. Under the program, EC will offer groups of
Bangladeshi companies, funds, information, training and contacts in European
capitals to build international alliance and take advantage of the global
market.
Business Priming Fund Manager for the Program Francois Cherer visited
Bangladesh last week and held series of meetings with local business
associations to promote the program, says a EC press release yesterday.
Illustrating the EC initiative, Cherer said Bangladeshi companies could
benefit from three instruments of the program Business Priming Fund,
Asia-Interprise or Asia Partenariat and Asia Investment Facility.
Under the Business Priming Fund, groups of companies may enjoy grants up to
maximum of 50 percent costs of a project to prepare for new markets or set
up strategic alliances with Europeam companies.
The grant is offered to companies to meet EU standards, encourage the
transfer of technology, train the trainers, adopt quality control measures,
develop planning methods and build institution in the private sector.
Funds are also extended to run training courses in language and business
culture familiarization.
Asia-Interprise or Asia Partenariat insrument brings together companies
interested inlocating long-term partners.
Under the Asia Investment Facility, studies are conducted in certain
countries for dessemination in Europe.
A study on the investment trend and conditions in Bangladesh was launched
earlier this year to make European companies aware of the scope and
facilities existing here.
The study, to be completed by next year, will examine the main
characteristics of business environment and economy of Bangladesh, trends
and promotion, employment, export and import volumes, business cooperation
opportunities, Bangladesh’s regulatory framework and foreign investment
trends.
Referring to the study during his stay in Dhaka from October 6-8, Cherer
said: “ European companies need sound information to make sound business
decisions … this comprehensive study, funded by the European Community, will
help to identify the opportunities in Bangladesh that may be of interest to
potential European investors”
******************************************************************
* *
* Syed Arif Mahmud *
* Business Development Manager *
* *
* Asia Pacific Regional Office: Corporate Office: *
* Sena Kalyan Bhaban (7th Floor) 34 South Broadway *
* 195 Motijheel C/A 6th Floor *
* Dhaka 1000 White Plains, NY 10601-4400 *
* Bangladesh USA *
* Phone: 880-2-9565131,880-2-9565132,880-2-871014 (Res) *
* Fax: 880-2-9565127,880-2-9565130 *
* Email: [log in to unmask] *
* *
******************************************************************
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