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Textile mills urge adequate energy supply
16
Mar '11
The textile mill owners have requested the government to ensure sufficient energy supply to the industries to enable them to make optimum use of their capacity and thereby to retain their competitiveness in the world markets.

The textile millers alleged that no less than 30 percent of their manufacturing capacity remains unutilized due to inadequate gas and power supply, while they still need to compete with their counterparts in some of the leading countries.

Jahangir Alamin, President of Bangladesh Textile Mills Association (BTMA) said that, relaxation in rules of origin (RoO) by the European Union from January 1, this year, has posed challenges before the country's core textile industry, as under the new rules, GSP facility is even extended to textile imports.

If the textile mills cannot utilize their production capacity to the fullest, they would not be able to timely fulfil their export commitments, and would thus be persuaded to resort to imports of fabrics, he said.

Fibre2fashion News Desk - India

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