After the closure of the transmission facility from India, Bangladesh has also banned the import of yarn. There is a big textile industry in Bangladesh, for which India exports yarn there. Now he has banned the import of yarn through the land port route from India.
According to Bangladesh Akhbar The Daily News, the National Board of Revenue (NBR) has taken this decision to protect the local textile industry from India’s raw materials, but it is being said that by deciding this, Bangladesh has dug a pit for itself.
According to the report, this decision of Mohammad Younus government has been welcomed by the owners of the textile mill, but the exporters have objected. The report said, “In the notification issued on April 13, NBR has banned the cotton imported from India through Benapole, Bhomra, Banglabandha, Bariwari and Sonamsjid Land Port.”
Mohammad Fazlul Haq, general manager of Plmi Fashion Limited, has objected to the government’s decision. He says that Bangladesh is already facing 10 percent tariff on exports in the US market. We are also getting a challenge from Indian products, it is not right to make this decision at such a time. He said that any kind of ban on import of yarn from India will affect Bangladesh exports and yarn imports should be allowed.
Ajay Srivastava, founder of Think Tank Global Trade Initiative, has expressed concern about the impact of this decision of Bangladesh on the quality and jobs of clothes. He said that Bangladesh has 80 percent export cloth. There is a very good quality cloth. He told that there are two ways to make cloth, one is that Bangladesh will bring fabric from China and get it cut directly with your labor and send it to the market. The second way is to bring yarn, then make fabric and stitched clothes from it, which will have a value edition, but the first way will not have a value edition.
Ajay Srivastava also told that Bangladesh’s textile traders were taking $ 1.5 billion yarn from India in a year, in such a situation, there are many industries in Bangladesh, which makes fabrics, but if fabric is called from China, then the quality of clothes will be spoiled and another will go to a large number of people’s jobs. In this way, China will benefit, but Bangladesh will be harmed.
The decision of Bangladesh is not being considered right for India because India exports 32 percent yarn in Bangladesh through Land Port. India sent 160 crore yarn and 8.5 crore man -made fiber Bangladesh last year. An expert told that out of which India exports, 45 percent occur only in Bangladesh.
Siddharth Rajagopal, Executive Director of Cotton Textile Export Promotion Council, said that this decision of Bangladesh is quite worrying because India mostly exports yarn through land port. He told that the mills of North India were exported, but now Mundra, Thuthukudi or Nahwa will have to be done from Sheva Port, due to which the cost in export will come more.
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