Bangladesh Garment Industry Faces Collapse Amidst Yunus's Anti-India Stance

• Bangladesh's garment industry, a key economic pillar, is on the verge of shutdown due to interim government chief Mohammad Yunus's perceived animosity towards India.
• Domestic textile mill owners warn of a complete halt in operations from February 1 if duty-free yarn import facilities are not withdrawn, citing losses from cheap Indian yarn.
• A severe gas crisis over the past 3-4 months has further crippled the industry, leading to a 50% drop in production and estimated losses of $2 billion.
• Over 50 textile mills have already closed, resulting in job losses for thousands and making bank loan repayments difficult for owners.
• Garment exporters oppose stopping duty-free imports, arguing that local yarn is more expensive and of lower quality compared to Indian yarn, which could harm global competitiveness.

Why It Matters: Bangladesh's vital garment industry faces collapse due to cheap Indian imports, a gas crisis, and government policy disputes.