Home / Knowledge / News / Textiles / Allow imports of yarn via Benapole - BTMA

Allow imports of yarn via Benapole - BTMA

12
May '10
Bangladesh Textile Mills Association (BTMA) President, Abdul Hai Sarker asked the government to open the Benapole port for weavers in order to import yarn, under 'bond license', from India to control the increasing yarn prices in domestic market and curb the importers from miss-declaring import volumes.

The knitwear manufacturers bring yarn through this port to produce goods exclusively meant for exports, under bond license.

During a press conference, BTMA Chief averred that, sometimes corrupt traders import more quantity of yarn from India than registered. In order to facilitate weavers to deal with the current troubled situation, the BTMA Chief suggested the government to offer temporary incentive to domestic weavers.

He further informed that, yarn prices soared up following energy crisis that caused a fall in production in the industry. Also, raw cotton prices witnessed 60 percent increase in the global market, during the past few months.

Drop in yarn demand started due to commencement of the lean period in garment production, which starts in the month of June and continues till September. This reduced the yarn prices in domestic market, added the BTMA Chief. Over 12.5 million people depend directly or indirectly on the weaving industry for their livelihood.

Fibre2Fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 30th Mar 2020

Cambodian garment workers face layoffs due to COVID-19

Thousands of Cambodian garment workers have lost their jobs as global ...

Pic: Shutterstock

Apparel/Garments | On 30th Mar 2020

US, EU buyers tell Vietnamese firms to suspend delivery

Many US and European Union (EU) partners have sent notices to...

Pic: Shutterstock

Apparel/Garments | On 30th Mar 2020

Indian govt seeks details of PPE manufactures in Gujarat

Following directions from Indian textiles secretary Ravi Capoor, the...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Spring Chang,

Spring Chang

A specialist in manufacturing printing machines, <b>Wenzhou Changs</b>...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


March 2020

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


Advanced Search