New Delhi: The National Board of Revenue (NBR) has issued notification withdrawing the facility to import yarn through the land ports of Benapole, Bhomra, Sonamasjid, Banglabandha, and Burimari—all located along the India-Bangladesh border.
A fresh notification was issued on Tuesday, amending an earlier order dated August 27, 2024. The decision has been implemented with immediate effect. Sources in the Indian textile industry said that yarn was primarily imported into Bangladesh from India via these ports.
Traditionally, India has been the largest yarn supplier to Bangladesh’s garment and textile industry, also supplying a substantial volume of fabric. However, bilateral trade has been significantly affected since the Interim regime was set up in Bangladesh in August last year.
The latest ban is expected to promote Bangladesh’s yarn imports from other countries, primarily from China. However, importing from China or other countries via seaports typically takes 2–3 weeks and involves higher freight costs. In contrast, Indian yarn imports reached Bangladesh in just 2–5 days through land routes. Several Indian textile companies had also set up their warehouses in Kolkata, enabling faster and more cost-effective deliveries.
Bangladesh has stated that the ban aims to protect its domestic textile industry. However, local manufacturers warn that it will disrupt production and harm the competitiveness of the industry in the global market.
Comments are closed, but trackbacks and pingbacks are open.