Bangladeshi terry towel exporters need lenient norms
Easy rules for importing yarn through land ports demanded by terry towel manufacturers and exporters because of the rise in prices of raw material in the local market.
Terry towel manufacturers and exporters in
Bangladesh are demanding easy rules for importing yarn through land ports
because of the rise in prices of raw material in the local market.
As per the letter sent by The Bangladesh
Terry Towel & Linen Manufacturers and Exporters Association (BTTLMEA) to
the commerce and finance ministers and secretaries, and the National Board of
Revenue (NBR) chairman, the main focus was on this topic. According to M
Shahadat Hossain Sohel, Chairman, BTTLMEA, there are a lot of work orders from
international brands and retailers so they need yarn at competitive prices. He
also said that the local spinners are facing difficulty in supplying yarn at
competitive prices due to which they may lose the work orders. He added that the
owners of the factories who do not have bond licenses should be given the
opportunity to import yarn at competitive prices.
It was also demanded by BGMEA, the BTTLMEA
that the government should allow the import of yarn from India through major
land ports, like Sonamasjid and Bhomra. According to these bodies, the
government should also improve the conditions of these ports, come up with more
warehouses, and provide better storage of raw materials like cotton, yarn, and
fabrics. As per Monsoor Ahmed, Chief Executive Officer, Bangladesh Textile
Mills Association (BTMA), there is a need to sit with the stakeholders to
discuss the issues related to the prices of yarn.
Source – The Daily Star
Image Source:Indiamart
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