Bangladesh primary textile sector facing troubles

07 Feb '12

4 min read

However, an optimist Mr. Ali is confident that the country's PTS industry would be able to gradually tide over the situation with active policy support from the Government. “A prudent economic and monetary policy will be needed to meet all forms of challenges. A long-term plan has to be drawn to strengthen PTS position at home as the source of raw materials for RMG markets. All major players, Government, textile millers and buyers of yarn and fabrics for apparel manufacturing should work hand-in-hand for a breakthrough in the present stale situation,” he avers.

“Accessibility to fund for investment, affordable bank interest rates, allowing duty-free import of capital machinery, spares and dyes and chemicals, improvements in infrastructures and provisions of utility services, relaxation of conditions of FDI, and permission to set up textile mills abroad will positively augment the supply capacity. Moreover, availability of funds for technology upgradation and ETP, provision of incentives equal to that of the competing countries, and extension of tax holiday may pull the PTS from the current morbid situation,” he concludes.

Fibre2fashion News Desk - India

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