Related Keywords: Bangladesh Bank, Bangladesh Specialised Textile Mills and Powerloom Industries Association, Bangladesh textile and powerloom industry, BSTMPIA, eighty percent use traditional powerloom, needs low-cost fund to set up modern machinery, producing high quality export oriented products, set up textile village, twenty percent modernized
Bangladesh, currently has around 30,000 to 40,000 textile mills, of which 20% to 30% are modernized and producing high quality export-oriented products while the rest 80% use traditional power-loom to produce saree, lungi, poplin, napkin, long clothes, shirting and suiting, said Azizul Haque, President of Bangladesh Specialised Textile Mills and Powerloom Industries Association (BSTMPIA).
