Govt asks RMG exporters to source 50pc yarn locally
Bangladesh, Sept. 23 -- The government has directed the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Bangladesh Textile Mills Association (BTMA) to take steps to ensure that 50 per cent of yarn used by the apparel industry is procured from local spinning mills, while the remaining 50 per cent can be imported.
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The three trade bodies have been asked to discuss among themselves how the importable portion would be allocated and inform the commerce ministry of the steps taken.
The commerce ministry issued the directive in a letter dated September 10, following a decision at a meeting of an inter-ministerial committee formed to review...
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