BTMA chief urges reduction of Indian yarn imports, eyes 500,000 new jobs in Bangladesh

Bangladesh Textile Mills Association (BTMA) President Showkat Aziz Russell said that reducing Indian yarn imports to 50 per cent could create 500,000 new jobs in Bangladesh. He made the remark at the 'Sustainable Sourcing Seminar of Cotton', jointly organised by Cotton USA and BTMA.

Criticising opposition to the import halt through land ports, he argued that such views hinder domestic industry growth. He noted that Indian garments enter Bangladesh by paying duty on price, not weight, which disadvantages local producers. Russell said 45 per cent of Indian yarn exports go to Bangladesh. He urged for policies that prioritise national interest over favouring neighbours, alleging that India is draining Bangladesh’s economy.

Tracey Ann Jacobson, Charge d’Affaires of the US Embassy, said the US offers high-quality cotton and supports sustainable industrial growth through strong partnerships. Seven technical presentations highlighted US cotton’s market potential, tracing systems, and supply chain innovations.

BTMA continues to advocate for duty-free access to the US market for garments made from US cotton. The seminar was attended by US brand representatives and Bangladeshi businesses amid efforts to diversify sourcing and expand local cotton production.