[ad_1]
bangladesh news: Bangladesh has now started bearing the brunt of the enmity with India. Bangladeshis are suffering a lot due to Mohammad Yunus messing with India. Because of India, Bangladesh is going to lose Rs 9 thousand crores. Yes, the local spinning mills of Bangladesh are facing a serious crisis. Due to cheap Indian yarn, unsold stock worth about Rs 9 thousand crore has accumulated with the mills of Bangladesh. Bangladesh is not finding any buyer for yarn worth Rs 9 thousand crores.
According to Bangladesh Textiles Mills Association, cotton import from India has increased by 137 percent between April and October of the current year. Indian traders are selling yarn in Bangladesh at less than domestic prices by $0.30 per kg. Due to this, about 50 local spinning mills have been closed due to not being able to survive the competition.
What is the purpose of ban on India?
Actually, Bangladesh Mills Association wants to reduce its dependence on Indian cotton. These people have warned that if we depend more on Indian yarn and India suddenly stops the supply, then our garment industry may also be in trouble. Now this is having the opposite effect on Bangladesh.
What decision did Bangladesh take?
It is noteworthy that in April, Bangladesh had banned the import of cotton from India through land port, so that the domestic industry could get protection. However, this ban does not apply to imports via sea route. Despite this, Bangladesh’s spinning mills are in trouble due to cheap Indian yarn.
Bangladesh is going to cost 9 thousand Cr. Yunus’s stubbornness ruined the boat
Yunus is not listening to mill owners of Bangladesh
However, the mill owners of Bangladesh have said that they do not want a complete ban on Indian cotton, but are demanding to reduce the bilateral trade imbalance, which is currently in favor of India… Apart from this, the mill owners demanded a ban on the import of those varieties of cotton which are being produced in sufficient quantity in the country…
Bangladesh Textiles Mills Association wants the Bangladesh government to provide warehousing facilities for cotton traders so that American cotton can be stored and used in local mills. Because this promise was made during mutual tariff negotiations.
Indian goods are cheap
Other mill owners said that they are not able to compete with Indian cotton, where Indian cotton is being sold at $2.50 per kg, while due to shortage of raw materials, especially cotton, local mills have to sell the yarn at $3 per kg.
Why international brands also want Indian cotton
Due to cheap prices, international brands are also giving preference to Indian yarn, due to which the spinning sector of Bangladesh is being badly affected. Imports reached $950 million during April-October 2025, which is 137 percent more on an annual basis…Bangladesh has now become the largest importer of Indian cotton and 44 percent of the total imports come from India.
How many mills are closed in Bangladesh?
People associated with the industry believe that India provides incentives at many levels, from cotton farmers to factories and exporters, which has made Indian cotton extremely competitive. About 40-50 mills have been closed in Bangladesh and many more are on the verge of closure. Amendments to labor laws may also increase unrest. BTMA has appealed to the Bangladesh government to provide policy support within 72 hours and said that the sector can still recover through 25 percent cash incentive, back-to-back LC facility and EDF.
[ad_2]
