Related Keywords: Bangladeshi terry towel makers, BTTLMEA, China's restrictive import policy, closed in recent time, drop in cotton prices, foreign buyers, Pakistan and Indian, spinning mills
More than 16 big terry towel factories of Bangladesh have been closed in recent times due to drop in cotton prices across the global as they are gradually losing international competition. The export earnings has witnessed sharp decline in last five years as Pakistan and India are getting major orders from foreign buyers. As per the Bangladesh Terry Towel and Linen Manufacturers and Exporters Association (BTTLMEA), at least 16 out of 97 companies stopped operation in last one and half years.
