Bangladesh Opens Land Yarn Port

China Investment Advisory Network The People's Republic of Bangladesh The NBR issued a notice to withdraw the ban on imports of yarns at Benapole land ports. The yarn that allows four kinds of yarn to be imported through the port is 82 / 1100 / 1100 / 2 and 120 / 1.

The National Tax Commission said yesterday that the committee made a decision yesterday, according to the recommendations of the Ministry of textiles and jute.

Previously, only bonded warehouses were allowed to import. yarn 。

Looms complain that in October last year, the price of 40 pounds of yarn was 65 Tucca, and now it has risen to 115 Taka.

Bengal Hand loom And the power loom Association said that about 600 thousand of the looms have been shut down, and the remaining 1 million 400 thousand looms are less productive than the others because the yarn price is too high.

Bangladesh handloom industry meets 80% of the national cloth demand. According to the industry, Bangladesh needs 1 million tons of yarn per year, of which 700 thousand tons are digested by the knitting sector and the rest of the yarn is digested by other weaving industries.