Home / Knowledge / News / Textiles / Weavers on strike starting May 12
Weavers on strike starting May 12
11
May '10
Weavers in the country have declared an indefinite strike, starting May 12, so as to persuade the government to re-start duty-free imports of yarn from India via the Benapole land-port, said members of the Bangladesh Handloom and Power-loom Owner's Association (BHPOA).

Supporting the strike are the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA). Owing to exorbitant rise in global yarn prices, weavers had started demanding duty-free imports of yarn. But the Bangladeshi government continued with the imposition of the ban on yarn imports.

Further more, prime minister's intervention was also demanded in order to meet the weavers' six-point demand. According to domestic manufacturers of yarn, lifting the ban on yarn imports will reduce the yarn prices and will therefore ruin the spinning sector.

Explaining the situation further, BKMEA President, Lokman Hossain Bhuiyan said that, following the ban on duty-free imports of yarn, the yarn prices started increasing since October last year. One pound of 40 count yarns was earlier available at Tk 65, whereas the price has now touched Tk 115.

More so, power-loom owners were not in a position to afford the increased prices and therefore failed in selling their products for a higher rate. This situation has already led to closure for 60 percent of the looms.

It is also alleged that Minister for Jute and Textiles failed to keep his word for opening the Benapole land-port. Although prices of products have risen in the global market, but the prices have been blown out of proportion, by the spinners.

As per BKMEA Vice-President, Zahidul Huq Bhuiyan, due to low manufacturing capacity, demand of yarn in the country had increased. While the yearly demand of yarn is one million tons, 700,000 tons are utilized by the knitting sector and the remaining is utilized by the weaving industry. But the manufacturing capacity of the 266 spinning mills is only six lakh tons.

Fibre2Fashion News Desk - India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Paolo Crespi

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

Mohammad Hassan
Biax Fiberfilm

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

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