Dhaka, April 19 -- The interim government's decision to suspend the import of yarn from India by land due to pressure from domestic mills aiming to expand their markets has become a cause for concern for small and medium enterprises (SMEs).

They worry it will shrink their competitiveness in the export market.

Stakeholders believe the government's decision will hit the small and medium businesses hard in the knitwear sector, especially those who import yarn from India at low prices by land against small purchase orders.

Moreover, some worry that it will allow domestic mills "syndicate" to get stronger.

Leaders of business organisations have sought a review of the decision by the National Board of Revenue (NBR), who made the decision pu...