Bangladesh's Textile Crisis: ₹9,000 Cr Loss, Mills Shut Due to Cheap Indian Yarn

• Bangladesh's local spinning mills face a ₹9,000 crore loss due to unsold stock of yarn, unable to compete with cheap Indian imports.
• Indian yarn imports surged by 137% (April-October), selling $0.30/kg cheaper than domestic Indian rates, making it highly competitive.
• Approximately 50 Bangladeshi spinning mills have already shut down, with more facing closure, impacting the local industry.
• Despite Bangladesh's attempt to ban Indian yarn via land ports in April, the crisis persists due to overall cheap imports.
• Bangladesh Textiles Mills Association (BTMA) seeks government policy support, warehousing, and incentives to revive the struggling sector.

Why It Matters: Bangladesh's textile sector is in deep crisis, losing ₹9,000 Cr and closing mills due to overwhelming cheap Indian yarn imports.