Surat, Jan 29 (IANS) Textile traders in Gujarat’s Surat are expecting a major boost to business following the announcement of an indefinite strike by Bangladesh’s textile mills beginning from February 1 this year. The strike has been called by the Bangladesh Textile Mills Association (BTMA) in protest against the duty-free import of low-cost yarn from India, which has severely affected Bangladesh’s domestic textile industry.According to industry sources, the influx of cheaper Indian yarn has mad…
Latest Bangladesh Textile Mills Association News & Updates
New Delhi, Jan 24 (IANS) The Bangladesh Textile Mills Association (BTMA) announcing an indefinite shutdown of mills, along with dispute over duty-free yarn imports between textile millers and garment exporters, has raised alarm over Readymade garments (RMG) exports in the neighbouring country ahead of the national election scheduled for February 12, according to a report.RMG exports account for about 85 per cent of Bangladesh’s total export earnings. More than 10 lakh workers employed in the sec…