The Bangladesh Textile Mills Association (BTMA) has temporarily suspended its previously announced plan to shut down all textile mills across the country from February 1. The decision followed clear government assurances and positive progress in ongoing discussions. BTMA stated that the move was made considering national interests, the upcoming election, and the need to maintain industrial stability.

A key meeting was held on January 27 at the Ministry of Commerce, chaired by Commerce Adviser Sheikh Bashir Uddin, to address the ongoing crisis in the ready-made garment and textile sectors. The meeting reviewed the challenges facing the spinning sector, with the adviser acknowledging their legitimacy and promising swift, fair, and practical solutions. Senior officials from the National Board of Revenue, the Ministry of Finance, and industry associations including BGMEA and BKMEA attended the session.

BTMA expressed hope that resolving the spinning sector’s crisis would enhance export competitiveness, safeguard employment, and strengthen overall economic stability. The association said future programs would be announced after reviewing the situation.