The Bangladesh Textile Mills Association (BTMA) has announced that all spinning mills across the country will be closed indefinitely from February 1, 2026, if the Ministry of Commerce’s recommendations are not implemented promptly. The announcement was made by BTMA President Shawkat Aziz Russell during an emergency press conference at the association’s Karwan Bazar office in Dhaka. The organization claimed that the textile industry is facing a severe crisis due to the government’s inaction and lack of effective measures.
Russell stated that the sector, which contributes 13 percent to the national GDP, has reached a state of emergency. He warned that if the recommendations are ignored, mill owners will be unable to repay bank loans, potentially triggering a financial crisis and labor unrest. BTMA reported that most mills are operating at only 60 percent capacity, with around 50 large factories already closed.
The Ministry of Commerce has recommended withdrawing bond facilities on yarn imports of 10 to 30 counts to protect local producers. BTMA has demanded a 10 percent incentive on yarn, the imposition of safeguard duties, and urgent policy support to save the textile, RMG, and accessories sectors.
অর্থনৈতিক রিপোর্টার প্রকাশ : ২২ জানুয়ারি ২০২৬, ১৮: ৫১ অর্থনৈতিক রিপোর্টার বাণিজ্য মন্ত্রণালয়ের সুপারিশ দ্রুত বাস্তবায়ন না হলে আগামী ১ ফেব্রুয়ারি থেকে দেশের সব স্পিনিং মিল অনির্দিষ্টকালের জন্য বন্ধ রাখার ঘোষণা দিয়েছে বাংলাদেশ টেক্সটাইল মিলস অ্যাসোসিয়
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