First yarn recovery plant
Islam's report published on 2nd April in your pages on the commissioning of a Swiss-Bangla joint venture; the first plant in the country for recovering yarn from waste cotton and waste cloth. It is a worthwhile achievement, and the private sector investor deserves our congratulations for this innovative industry for recycling cotton and garment wastes. I believe this enterprise has a good potential in Bangladesh and is an important import substitution for reducing the need for imported raw cotton and yarn.
In this context, the government should discourage the export of waste cotton and waste cloth, which is a raw material for similar yarn recovery plants operating overseas, and maybe exporting the yarn to Bangladesh! Since our national budget is under preparation, the government should add or increase the export duty on waste cotton, waste yarn and waste cloth from Bangladesh. This will enable our yarn recovering operation to thrive and grow, providing more employment and value addition locally.
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