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Bangladesh's textile millers seek economic zones for MMF units: BTMA

14 Feb '23

2 min read

Pic: Shutterstock

Bangladesh’s textile entrepreneurs need eight to ten economic zones at the earliest to set up units to manufacture man-made fibre (MMF), according to Mohammad Ali Khokon, president of the Bangladesh Textile Mills Association (BTMA). BTMA wants all kinds of rewards for investment across the economic zone in the shortest possible time, he said.

He was recently addressing media persons on the 17th Dhaka International Textile and Garment Machinery Exhibition (DTG) 2023 in Dhaka.

The government is creating roughly 100 special economic zones to attract investors.

“In 2021 and 2022, the textile sector attracted investment of worth $6,060.08 million and $4,148.14 million respectively. We think there would have been more investment if we had adequate gas, electricity and infrastructure facilities,” Khokon was quoted as saying by Bangladeshi media reports.

Though there are about 20 recycled fibre factories that produce cotton from garment and textile waste, production is at risk at these units as garment-textile waste are exported or smuggled, he said. Fifty mills are manufacturing yarn from polyester fibre, viscose staple fibre, flux fibre and lyocell, he said.

The amount of MMF being used in the country is insufficient, he lamented.

The four-day event of the 17th DTG is scheduled to be held from February 15 to 18 by the BTMA in association with Yorkers Trade and Marketing Co Ltd, Hong Kong, after a three-year pause due to the pandemic.

Fibre2Fashion News Desk (DS)

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