Dhaka, June 20 -- Bangladesh Textile Mills Association (BTMA) on Saturday urged the government to retain the existing condition of 30 percent value addition for importing raw materials against bank guarantees to protect the domestic textile sector.

Expressing deep concern over the proposed national budget for the fiscal year FY2026-27, which seeks to withdraw this requirement, the apex body of primary textile mill ownerst said removing the clause would trigger a massive rise in the abuse of bond facilities and fuel unfair market competition.

The demands were raised at a post-budget press conference organised by the BTMA at the Gulshan Club in the capital on Saturday.

BTMA President Showkat Aziz Russell, former director Rajeev Haider, f...