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Related Keywords: Bangladesh Chambers of Commerce and Industry, Bangladesh Textile Mills Association, Ha-Meem Group a leading garment exporter, Jalal Ahmed Spinning Mills Ltd, Little Star Spinning Mills Ltd, Petrobangla, Spinners, spinners currently pay Tk 9.62 for every cubic metre of gas and use Tk 8 to Tk 9 worth of gas to produce a kilogramme of yarn, Titas Gas Transmission and Distribution Company, yarn

Abul Mansur Md Faizullah, chairman of Petrobangla, the state-owned gas and power supplying authority, said the government has imported liquefied natural gas (LNG) to meet the demand in the industrial sector. The government has also removed 122 percent tax on import of LNG, putting only 15 percent VAT in place for this imported gas, he said. He said the government has started giving gas connections to the industrial units. Tawfiq-e-Elahi Chowdhury, energy adviser to the prime minister, said the government would launch a crackdown on Titas to cut corruption.

Related Keywords: Bangabandhu International Conference Centre, Bangladesh Textile Mills Association, DTG 2018, Ltd., Textiles, Yorkers Trade & Marketing Service Co.

The 15th Dhaka Int’l Textile & Garment Machinery Exhibition (DTG), the largest-ever trade fair of its kind in Bangladesh, run from February 8-11 at Bangabandhu International Conference Centre (BICC). The grand event is jointly organized by Bangladesh Textile Mills Association (BTMA) and Yorkers Trade & Marketing Service Co., Ltd.

Related Keywords: Bangladesh textile millers, Bangladesh Textile Mills Association, compared to last fiscal year, dyeing, forty percent up, millers went for business expansion, prevailing political stability, printing and finishing mills, rise in machinery imports, spinning, weaving

Bangladesh textile millers have imported machinery worth TK71.19 billion in the fiscal year of 2014-15, a short up by over 40 percent compared to Tk50.63 billion in the last fiscal year of 2013-14 as many millers went for business expansion, said Bangladesh Textile Mills Association (BTMA) president Tapan Chowdhury speaking a press conference on Tuesday. The rise in machinery imports is attributed to the prevailing political stability.

Related Keywords: affect Bangladeshi spinning sector, Bangladesh Textile Mills Association, break into local yarn market, cheaper rates, fall in consumption in China, largest cotton using country, lower prices of raw cotton, narrow profit margins, no hedging facility and warehousing system, purchase cotton at higher prices, supply raw material

The fall in consumption in China, the largest cotton-using country in the world is likely to affect the Bangladeshi spinning sector in two ways. Firstly, the slide in consumption will lower the prices of raw cotton worldwide further, which will also narrow the profit margins in Bangladesh. Secondly, other countries will break into the local yarn market as they will be able to supply the raw materials at cheaper rates.

Related Keywords: acceleration in machinery imports, Bangladesh textile mills, Bangladesh Textile Mills Association, dyeing and finishing, expanding production capacity, garment factories, investment in primary textile sector, spinning, weaving

Bangladesh has witnessed acceleration in machinery imports as entrepreneurs set up 26 textile mills in spinning, weaving, dyeing and finishing last fiscal year. According to data from Bangladesh Textile Mills Association, last fiscal year, $445.7 million worth of capital machinery was imported by the textile sector.

Capital machinery imports by the primary textile sector increased about 54 percent year-on-year in fiscal 2014-15 on the back of higher demand for raw materials from garment exporters. A BTMA certification is required for importing machinery for the textile sector.

Related Keywords: Bangladesh budget, Bangladesh Garment Manufacturers and Exporters Association, Bangladesh Garments Accessories and Packing Manufacturers and Exporters Association, Bangladesh Knitwear Manufacturers and Exporters Association, Bangladesh Textile Mills Association, BGAPMEA, BGMEA, BKMEA, BTMA, garment exporters in bangladesh, tax on apparel, tax on garment

The Bangladesh Finance Minister AMA Muhith presented the national budget before parliament on 4 June for the fiscal year 2015-16. Its size - in terms of aggregate government expenditure - reflects about a 23 per cent rise over that of the revised budget estimates for 2014-15. It is also 56.8% higher than the actual figure for 2013-14.

The budget has allocated Taka 970 billion for funding the Annual Development Programme (ADP), marking an increase of Taka 22 billion over the revised ADP of Taka 750 billion for the outgoing fiscal.

Related Keywords: Bangladesh home textile, Bangladesh Textile Mills Association, bed-sheets, bedcovers, BFTI, cost competitiveness, cushion covers, EPB, GSP facility for Pakistan, Local currency appreciation, negative growth, Pillow covers, political turmoil, raw cotton, rising cost of production, yarn

Bangladesh home textile sector faces negative growth during the first two months of the current fiscal year 2014-15. The major factors which count for blocking the growth of country’s potential home textile exports are European Union GSP facility for Pakistan, appreciation of the local currency against the US dollar and recent political turmoil.

According to Jahangir Alamin, President of Bangladesh Textile Mills Association, Bangladeshi-made home textiles are lagging behind Pakistan in terms of cost-competitiveness, one of the major causes of setback.

Related Keywords: Bangladesh Garment Accessories, Bangladesh Textile Mills Association, Bangladeshi dyed yarn exporter, central bank, Export development fund, financial support, special fund, the Bangladesh Dyed Yarn Exporters' Association

Bangladeshi dyed yarn exporters to get financial support to help speed up export growth. They will be provided with credit support from Export Development Fund (EDF), a special fund of the central bank.

According to a circular of the central bank, issued on Tuesday, members of the Bangladesh Dyed Yarn Exporters' Association (BDYEA) will be eligible to get financial support from the EDF.

Related Keywords: Bangladesh textile industry, Bangladesh Textile Mills Association

Bangladesh industrial units going through a tough time due to non-availability of gas and electricity connections required to run the factory thus affecting production. Around 400 potential industrial units with an investment worth Tk 200 billion are bulk gas users, already have set up their establishments taking loans from banks but did not get gas connections yet. They could not go for production due to a lack of gas connections for the last four years.