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Related Keywords: customers, fabrics, import, MMI, stock, Textile

MMI Textiles, Inc., a diversified supplier of fabrics, trims, hardware and other notions has acquired the assets of Competition Textiles. Mike Wire, the former owner of Competition Textiles, has been in the textile industry for 40 years, and started Competition Textiles in 1996 after 17 years with Top Value Fabrics. Competition Textiles is a synergistic acquisition for MMI as they are also a woven fabric converter, as well as an importer of fabrics, that will enhance the existing stock line for MMI Textiles to offer their large, domestic and international customer base.

Related Keywords: connect with jute business, create a fund for improvement of jute, Draft law of new jute bill, empower to collect data, jute products, manufactured from jute fibre, placed in parliament for endorsement, purchase, purchase and sale of any special product, replacing Bangladesh Fifty four year old jute law, sale, seek details of production, stock

Minister of State Mirza Azam placed the draft law of new Jute Bill 2016 in parliament for endorsement and replacing Bangladesh’s 54 year old jute law on behalf of Minister of Textiles and Jute Imazuddin Pramanik on Wednesday.

It has been referred to the house committee on the textile and jute ministry for review.

The government will be able to create a fund for the improvement of jute and jute products according to the new proposed law.

The new proposed law will empower government to collect data on the purchase and sale of any special product manufactured from jute fibre.