"In this connection, I propose to provide tax exemption, subject to certain conditions, to the companies engaged in production of three and four wheelers in Bangladesh for ten years which may be extended to further ten years on the fulfillment of certain other conditions,” said AHM Mustafa Kamal.

“I also propose to provide tax exemption, subject to certain conditions, to the companies engaged in production of certain home and kitchen appliances as well as light engineering products for ten years,” he added.

He said approval of these proposals would encourage the local manufacturers.

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