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:of goods and services to increase their international competitiveness; and
- (i) exporters
(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.