Bangladesh Textile Mills Association (BTMA) has urged the government to make it a mandatory for spinners to procure 70 per cent of their total cotton yarn requirement from local sources.
In a letter of credit to Abu Hena Md Rahmatul Muneem, Chairman, National Board of Revenue (NBR), BTMA urged the government to ease ongoing dollar crisis.
Producing apparels from local yarn would help increase their value-addition to 65
per cent against 30 per when produced with imported yarn, it said.
BTMA argued that the local spinners can meet 85 per cent of the total demand of the export oriented apparel industry as they produce export-standard carded and combed yarn in huge quantities.
The association also urged NBR to scrutinise the compatibility of the import price of yarn with other competitor countries before releasing the goods from ports.
The spinning millers proposed to install a yarn count testing machine at land ports and recruit more manpower with required training to protect revenue loss.
