Home / Knowledge / News / Textiles / Govt tightens restrictions on yarn imports
Govt tightens restrictions on yarn imports
Feb '09
Unrestricted imports of yarn from India through Benapole have taken its toll on the spinning mills in the country. Reportedly at least 10 spinning mills have closed down due to the pressure of unrestricted imports and many others are operating at lower capacities. The trade bodies had raised a huge hue and cry and requested the government to put a cap on yarn imports.

The government has finally woken up to the threat and the impact it has created on the local textile industry in Bangladesh. It has re-imposed procedural restrictions on imports of yarn passing thorough Benapole. In effect, this would mean tighter verification procedures during custom clearance of the goods.

Earlier, in February 2006, the government had implemented tight controls at Benapole, which included count and chemical tests on yarn. But, this was relaxed by the outgoing government in July, last year, which started the deluge of Indian yarn and which was available at lower prices than those quoted by Bangladeshi spinning mills.

The closure of spinning mills has put in to jeopardy, huge amounts of loans advanced in the setting up of these nearly 345 spinning mills in the last few years and had raised alarm bells ringing in the banking sector as it could face losing most of the loans advanced to the spinning industry and in the process would have crippled the banking sector for good.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Pantone

Textiles | On 25th Jun 2018

Pantone unveils polyester standards

Pantone, provider of professional colour standards for the design...

Interviews View All

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Top executives
Textile industry, India

The event should be organised every year

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Urmil Arya

Sushila International, a well established textile organisation established ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search