Textile industry seeks alternatives for yarn export to Bangladesh.
• Textile mills in India are exploring alternative modes of transport due to Bangladesh’s closure of its land ports for yarn exported by India.
• Almost 30% of India’s yarn, mainly dyed and special yarn, is currently transported via land ports.
• Alternative options include shipping in containers and using inland waterways.
• The lead time issue is a major concern, with 70% of the Indian yarn to Bangladesh currently sent by sea.
• K. Selvaraju, secretary general of the Southern India Mills’ Association, states that nearly 45% of India’s yarn exports are to Bangladesh.
• If the 30% exports to Bangladesh are affected, the yarn will be supplied domestically, potentially lowering its price.
• The closure of land ports is currently affecting textile mills in the northern States, but if not improved, the entire textile spinning sector will be affected.