Textile mills in Bangladesh have urged the central bank of Bangladesh to raise the limit of letters of credit (LCs) so that they can import more raw materials. The Bangladesh Textile Mills Association (BTMA) sent a letter to Bangladesh Bank requesting for a hike in LC limit last week, in which
The Bangladesh Textile Mills Association (BTMA) has raised the issue of false declaration of imports of yarns, fabric and dress materials, which is impacting sales of locally produced textiles. In a letter addressed to the Customs Bond Commissionerate, BTMA President Mohammad Ali Khokon said, the textile industry is already reeling under challenges of foreign exchange […]
Bangladesh Jute Mill Corporation (BJMC) will now allow even textile mills and factories to be set up in the state owned jute mills which were closed down a few years ago due to mounting losses. The Bangladesh government had shutdown 25 state owned jute mills in one stroke due to recurring losses. Since then, BJMC […]