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 per cent – 80 per cent 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.
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