(b) General Conditions Applicable to Type B Industries

                1. The cost of capital machinery and spare parts imported from abroad must be paid by foreign partners from their own resources.

                2. The entire raw materials used for manufacturing or processing, either imported from abroad or locally procured, must be provided by foreign partners from funds from abroad.

                3. The local currency cost of the investment, including working capital not provided by foreign partners except those mentioned in 1 and 2 above, may be contributed by the local partners.

                4. Local currency borrowed by Bangladeshi entrepreneurs may be allowed subject to such restriction as may be imposed by Bangladesh Bank.

                5. In case the extent of investment to be made by the foreign partner as agreed upon and approved by the Authority does not cover the import of raw materials, the local partner is allowed by Bangladesh Bank to open a letter of credit for imported raw materials, on a case-by-case basis.

                6. While dividends payable to foreign partners must be remittable in foreign exchange, the payment of dividends to local partners must be made in local currency.

                7. The undertaking must be registered in Bangladesh as a Bangladesh company under the Companies Act.