Home / Knowledge / News / Textiles / Minister assures resolution of jute, textile sector problems
Minister assures resolution of jute, textile sector problems
Jun '11
Mr. Abdul Latif Siddiqui
Mr. Abdul Latif Siddiqui
Abdul Latif Siddiqui, Bangladesh's Minster for Textiles and Jute, while speaking at a seminar on “Jute and Textile Sectors Problems and Potentiality: Bangladesh Perspective,” provided an assurance to the business leaders of country's two budding economic industries – jute and textiles – that the Government would make all efforts to solve their problems.

At the seminar organized by the Federation of the Bangladesh Chambers of Commerce and Industry (FBCCI), the Minister asked the business leaders to provide him a list of the issues for which they need solutions on a priority basis. He assured them that the issues will be discussed with the Prime Minister and the Finance Minister before the new budget.

Mr. Siddiqui felt that the textile industry has better potential than jute sector, although the performance of jute industry is now improving due to effective management. He added that the state-run jute mills have now started earning profits.

Mr. A K Azad, the FBCCI President stated that high lending rates and energy crunch are the main problems which hamper industrialization. Even after having invested a huge amount to establish the industries, over 200 units are yet to start operations owing to the short supply of gas.

“The European Union's new Generalised System of Preference (GSP) facility is posing a threat to the primary textile sector. This has led to the closure of several spinning mills, and many other units are on the brink of shutting down,” Mr. Azad said.

Mr. Azad said that the FBCCI members are not interested in new commitments by the Governments, but would like to see action being taken on the commitments regarding resolving the problems facing the textile and jute industries. He demanded a cut in the lending rate on bank credits from the present 18 percent to a single digit level.

Syed ABM Humayun, the acting Chairman of Bangladesh Jute Mills Association (BJMA) said, “If the Government properly implements the law necessitating the use of jute items for packing as per the 2010 legislation and makes it mandatory, it could boost the use of domestic jute items.”

Mr. Humayun demanded the announcement of the Jute Policy 2011 by way of official gazette notification to facilitate its proper implementation. He asked the Government to extend equal support to both the private as well as public jute mills.

Jahangir Alamin, the President of Bangladesh Textile Mills Association (BTMA), in his key-note address, said that the Government should immediately initiate measures to protect the country's primary textile industry.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Eric Scholler

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search