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

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search