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Textile imports rise during July '05 - Mar '06
08 May '06
1 min read
Total imports increased by 6.19 percent with capital machinery recording highest growth at 25.01 percent during first nine months of FY 2005-06 compared to the same period, previous FY.
Value of letters of credit (LCs) against imports worth $10.033 billion were settled during July-March period of FY compared with $9.448 billion in the same period of previous FY.
However, import LCs worth $11.232 billion were opened during the third quarter of the current FY against $10.809 billion in the same period of previous FY.
Growth registered was 3.94 percent, local media reported.
Textile fabrics, accessories for garment industry, petroleum products and chemicals, were among major imports during the period.
Industry experts believe that devaluation of Taka against the US Dollar has made imported consumer goods costlier in local markets.
Value of letters of credit (LCs) against imports worth $10.033 billion were settled during July-March period of FY compared with $9.448 billion in the same period of previous FY.
However, import LCs worth $11.232 billion were opened during the third quarter of the current FY against $10.809 billion in the same period of previous FY.
Growth registered was 3.94 percent, local media reported.
Textile fabrics, accessories for garment industry, petroleum products and chemicals, were among major imports during the period.
Industry experts believe that devaluation of Taka against the US Dollar has made imported consumer goods costlier in local markets.
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Ashish Saraf
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