To find out more about other hardships for Bangladeshi textile players, we asked him and learnt that industry in general and textile in particular continues facing power and gas crisis which during the last couple of months has gone too acute. “Industrial production has been fallen down significantly. Power crisis caused shortfall of production in spinning sector which contributed to price hike of local yarn,” Mr Ayub voiced his concern.
“Anyway Bangladesh needs cotton and we consider the crisis as a wake-up call to prepare better for future sourcing. This is for the first time in our Textile Industry`s history that we realized that it is not the price but the source itself is the major problem,” all determined he added thoughtfully.
Click here for more details on recent imports figures of Bangladesh Cotton
Fibre2fashion News Desk - India
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