In a recent meeting in Bangladesh, terry towel exporters urged textile mills owners to increase investments in the yarn sector to boost exports. The meeting was attended by Mohammad Ali Khokon, President, Bangladesh Textile Mills Association (BTMA) and Shahadat Hossain Sohel, Chairman, Bangladesh Terry Towel & Linen Exporters Association (BTTLMEA) alongwith other senior leaders of both the organizations.

Sohel said, local textile mills will have to import more yarn to meet growing demands. The association will seek the cooperation of the Ministry of Commerce to facilitate these imports, he added. Fazlul Hoque, Vice-President, BTMA, said, terry tower exporters have received many orders. However, they have been unable to supply yarn according to needs.

Another leader present at the meeting said, it is difficult for exporters to import yarn as 75 per cent members do not have a bond license. As a result, they will not be able to import yarn with duty free facility. In that case the imported goods may have to be redeemed with a bank guarantee.