Finance Minister AHM Mustafa Kamal has announced a 10-year tax exemption for ‘Made in Bangladesh’ brands in the year starting Jul 1.

The minister made the announcement due the budget proposal he put forward on Thursday (June 3).

He said, “The government is pledge-bound to nurture the ‘Made in Bangladesh’ brand to accelerate establishment of mega industries and production of import-substitute industrial goods in the country.”

Besides, he proposed a ten-year tax exemption on some home appliances and kitchen appliances and selected IT hardware.

Earlier, the budget session began at 3:03 pm with Jatiya Sangsad Speaker Shirin Sharmin Chaudhury in the chair.