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LNG gas to reduce competitiveness of textile mills: BTMA
21
Feb '17
Textile mills in Bangladesh fear losing their competitiveness following the government’s move to use Liquefied Natural Gas (LNG) in the manufacturing sector. This was observed by Bangladesh Textile Mills Association (BTMA) president Tapan Chowdhury, while addressing a press conference in connection with the upcoming DTG-2017 trade show.

The Bangladesh government is planning to set up a LNG terminal, which will supply imported gas to the industry. Chowdhury feared that this move to use LNG will increase the production costs of textile mills.

He observed that the industry is yet to get a clarification on the pricing, but which, according to sources was TK 14 per unit, which could hit hard the spinning industry.

DTG 2017 kicks off from February 23 in Dhaka with a total of 1,000 machinery manufacturers from 33 countries, taking part in the trade show. (AR)

Fibre2Fashion News Desk – India


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