87 163
Fashion Jobs
LULULEMON
Community Specialist | Summit, Springfield Ave
Permanent · SUMMIT
LULULEMON
Expeditor | Cherry Creek
Permanent · DENVER
LULULEMON
Community Specialist | Friendly Center
Permanent · GREENSBORO
NORDSTROM
Customer Service Representative - Hillsdale Shopping Center
Permanent · SAN MATEO
NORDSTROM
Retail Stock - Mercer Mall Rack
Permanent · LAWRENCE TOWNSHIP
NORDSTROM
Manager- Service Experience- Baton Rouge Mall Rack
Permanent · BATON ROUGE
NORDSTROM
Retail Stock - Sugar House Rack
Permanent · SALT LAKE CITY
NORDSTROM
Asset Protection - Agent - Aventura
Permanent · AVENTURA
NORDSTROM
Retail Stock - Northwoods Rack
Permanent · SAN ANTONIO
NEIMAN MARCUS
Business Manager Tom Ford, Beauty (PT, 35 Hours) - FT. Worth
Permanent · FORT WORTH
NEIMAN MARCUS
Sales Manager, Designer Rtw
Permanent · CORAL GABLES
NEIMAN MARCUS
Sales Professional, Beauty
Permanent · NEW YORK
TIFFANY & CO
Manager, HR Business Partner
Permanent · NEW YORK
URBN
Security Officer (Monday-Thursday; Overnight Shift)
Permanent · LEVITTOWN
AMERICAN EAGLE OUTFITTERS
ae - Market Visual Leader - us
Permanent · MCLEAN
CROCS
Supervisor, Distribution Center - 1st Shift
Permanent · LAS VEGAS
NEWELL
Associate Brand Manager, Coleman
Permanent · ATLANTA
NEWELL
Senior Director, Analytics
Permanent · HOBOKEN
NEWELL
sr. Manager, Customer Planning
Permanent · ATLANTA
NEWELL
Finance Manager, bp&a
Permanent · ATLANTA
BALLARD DESIGNS
Retail Receiving Manager
Permanent · ROSWELL
FRONTGATE
Merchandise Operations Specialist
Permanent · WEST CHESTER TOWNSHIP
By
Reuters
Published
May 17, 2010
Reading time
2 minutes
Download
Download the article
Print
Text size

Bangladesh lifts ban on yarn import from India

By
Reuters
Published
May 17, 2010

DHAKA (Reuters) - Bangladesh government lifted a ban on yarn import from India via land ports to cool down price rises on the domestic market, a senior official said on Saturday 15 May.



"The government has withdrawn the restriction on yarn import in response to the demand of textile makers after the price hike in the domestic market," said Faizul Huque, spokesman for the commerce ministry.

He told Reuters that the government opened land ports for yarn import so the users could obtain the textile raw material.

About 1.5 million hand loom and power loom units across the country have been on an indefinite strike since Wednesday 12 May demanding import of yarn from India through the land ports.

One pound of 40 count yarn was available at 94 cents in October last year but now cost $1.66, users said.

"It is a relief for us and will help to import yarn quickly as nearest sourcing is very important for the industry," said Kutubuddin Ahmed, a leading exporter of textile products.

Ahmed, also a former president of Dhaka Metropolitan Chamber of Commerce and Industry, said about 600,000 looms were forced to close and the remaining 1.4 million looms failed to use their production capacity due to the high price of yarn.

The local handloom industry meets 80 percent of local demand for fabrics, the industry said.

Bangladesh's annual yarn demand is 1.0 million tonnes, of which the knit sector uses 700,000 tonnes and the weaving industry the rest.

Bangladesh Textile Mills Association president Abdul Hai Sarker said the decision would hurt and affect the growth of local yarn-making industry.

The textile sector is a major employer in Bangladesh and the highest export earnings come from readymade garments and knitwear.

(Reporting by Serajul Islam Quadir; Editing by Ruth Pitchford)

© Thomson Reuters 2024 All rights reserved.