According to the Bangladesh Textile Mills Association (BTMA), from 2014 to 2018,local entrepreneurs invested an average of Tk1,380 crore per year in the primary textile sector. During this period, 44 new textile mills also became members of the association. Speaking to the Dhaka Tribune, BTMA President Md Mohammad Ali Khokon, said: “Primary textile sector of Bangladesh has turned into very a strong backward linkage industry for the RMG (Ready-made Garment) sector. "Additionally, banks were very enthusiastic in financing the primary textile sector, which resulted in more investment," said Khokon, also Managing Director Maksons Spinning Mills Limited. As per the BTMA, there are 430 yarn manufacturing mills, 802 fabrics manufacturing mills, and 244 dyeing-printing finishing mills in Bangladesh, along with 32 denim fabrics manufacturing mills and 22 home textile manufacturing mills.

Source: Dhaka Tribune January 06, 2019 19:07 UTC