Textile owners in Narsingdi have been incurring losses for years due to an unsteady yarn market and import of clothes. They want the government to fix the yarn price and take measures to put an end to import of clothes in an effort to save the local industry. According to the Department of Inspection of Factories and Establishments, there are a total of 1,500 textiles in Narsingdi.As many as 70% – 80% of the cloths are produced in Narsingdi, the local industrialists said. They said, due to the yarn price hike the production cost of clothes has increased, but prices of cloths have not risen in the local market. The textile owners blame a syndicate for the hike in yarn price as there is no Government supervision. It has become tough for local manufacturers to survive the competition with imported clothes.Textile owners in Narsingdi incur losses due to an unsteady yarn market and import of clothes <b>Dhaka Tribune</b>Textile owner Abdul Jalil of Madhabdi said, the small industrialists are suffering more due to the rise in yarn price and import of clothes. “We have to face the loss in every meter of grey cloth as we cannot cover the production cost,” he said. He said, he cannot shut the industry even after facing huge losses as he took bank loan to build the factory. Another textile owner Shafiqul Islam said, due to lack of government supervision the yarn price keeps increasing.The price gets increased on the pretext of cotton price hike in the global market, but they cannot raise the price of clothes compared to that, he said. Shafiqul said, there is a syndicate behind it. However, yarn trader BinoyDebnath denied the existence of any syndicate. “The price of yarn fluctuates for a number of reasons,” he said. He said, they discuss with the spinners before setting the price. Narsingdi Chamber of Commerce and Industry President Abdullah Al Mamun said, the local textile industry will survive if the yarn market becomes stable and import of clothes are stopped. He said, they have been demanding that the government fix the yarn price by keeping a balance with cotton price. “We hope these issues will be addressed in the upcoming textile policy,” Mamun said
