Bangladesh textile millers urge garment makers to buy yarn, fabrics from local mills

The textile mill owners in Bangladesh have called upon the apparel exporters in the country - both knitwear and woven garment makers - to source yarn and fabrics from local markets so as to help save the foreign reserves and help Bangladesh tide over the dollar crisis.

This is as per reports, which underlined the President of the Bangladesh Textile Mills Association (BTMA), Mohammad Ali Khokon, appealed to the garment exporters to do so while addressing a press meet, convened by the BTPA in the capital Dhaka recently, in which the BGMEA chair dwelt on the current crisis situation of the textile sector stemming from the US dollar crisis, gas crisis and stockpiling of unsold yarn at the mills.

As per reports, knitters and weavers in Bangladesh, imported 2.75 lakh tonnes of yarn worth Taka 10,616 crore in the January-April period of the current calendar year compared to the import of 4.60 tonnes of yarn worth Taka 17,436 crore, during the same period last year.