Related Keywords: Bangladesh import increase by more than 25 percent, during the first seven months this year, local spinners termed a threat for subsector, Major portion of yarn imported from India, Price main reason behind increasing trend, raw material is higher in local market, Textile Industry, yarn also being imported from Indonesia
Bangladesh imported 207,644 tonnes of cotton yarn from January to July this year an increase by more than 25 percent during the first seven months in 2016. Major portion of the yarn has been imported from the neighbouring India. In recent times yarn is also being imported from Indonesia, industry insiders said, which local spinners termed a threat for the sub-sector of the country's primary textile industry.
Industry insiders apprehended that if the trend continues, it would badly affect the backward linkage industry that meets nearly 80 percent requirement of the local knit sector.
