Textile millers yesterday urged the government to introduce a special refinancing scheme for existing loans to export-oriented primary textile industries with a maximum interest rate of 5 percent.

Textile millers today urged the government to introduce a special refinancing scheme for existing loans to export-oriented primary textile industries with a maximum interest rate of 5 percent

The country's primary textile millers have urged the Trump administration to quickly implement the textile clause of the Agreement on Reciprocal Trade (ART) signed between Bangladesh and the United States so that local garment exporters can benefit from exports to the American market

The government assured them of resolving the problems through stakeholder consultations

The association sent letters to the US embassy and an American cotton traders’ body

They also suggested increasing US content in manufactured goods to 20% to qualify for reduced tariff rates

Four associations, including BGMEA, sent joint letter to the power adviser

The primary textile sector will lose competitiveness in global arena, says BTMA president

Over 1,000 machinery makers of 32 countries are expected to join the 18th Dhaka International Textile and Garments Machinery Exhibition

The president, three vice-presidents and 23 directors were elected unopposed

BTMA President Mohammad Ali Khokon says

Textile millers made the demand today

Textile millers today demanded uninterrupted gas supply to keep production running.

Textile millers across the greater Gazipur, Sreepur and Bhaluka industrial belt yesterday urged the state minister for energy, power and mineral resources to put an end to their perennial gas crisis, which is currently preventing them from continuing smooth production.

The leaders of Bangladesh Textile Mills Association (BTMA) today urged the central bank to extend the time of Usance Paid At Sight (UPAS) LC or deferred LC payment to 360 days from the existing 180 days as the dollar crisis deepens.