Govt reaffirms commitment to resolving spinning sector issues
Commerce Adviser Sk Bashir Uddin has acknowledged the validity of the concerns raised by industry stakeholders and underscored the strategic importance of the spinning sector in Bangladesh’s export competitiveness and industrial value chain.
On behalf of the government, he reaffirmed a strong commitment to resolving the issues through lawful, equitable, and time-bound policy measures in line with existing fiscal and regulatory frameworks.
The adviser said this at a high-level consultative meeting held at the Ministry of Commerce on January 27 to review the challenges faced by the readymade garment and textile sectors, with particular emphasis on the spinning industry, a Bangladesh Textile Mills Association (BTMA) press release said on Thursday, January 29.
The commerce adviser acknowledged the validity of the concerns raised by industry stakeholders and underscored the strategic importance of the spinning sector in Bangladesh’s export competitiveness and industrial value chain.
On behalf of the government, he reaffirmed a strong commitment to resolving the issues through lawful, equitable, and time-bound policy measures in line with existing fiscal and regulatory frameworks.
The meeting was attended by senior government officials, including the NBR chairman, the commerce secretary, representatives from the Bangladesh Trade and Tariff Commission, the Finance Division, and NBR, as well as leaders of BTMA, BGMEA, and BKMEA.
Industry representatives separately presented their proposals, outlining the legal, economic, and operational rationale behind their demands.
The commerce adviser further informed that an inter-ministerial coordination meeting involving all relevant stakeholders will be held on 3 February 2026 at the Finance Division of the Ministry of Finance in order to resolve the current crisis of Bangladesh’s Spinning Sector through an appropriate and timely policy regulation.
In view of the Government’s assurances and the constructive progress of discussions and considering the broader national context including the upcoming National Election and Referendum, BTMA has decided to temporarily suspend its previously announced programme to shut down all textile mills from 1 February 2026.
BTMA expresses confidence that the Government will address the issues of the spinning sector in a timely, transparent and lawful manner contributing to export competitiveness, employment protection and macroeconomic stability. BTMA will review subsequent developments and announce its future course of action accordingly.