Dhaka, Jan. 22 -- The Bangladesh Textile Mills Association (BTMA) has urged the interim government to implement the commerce ministry's proposal to remove the bond facility for cotton yarn imports.

The demand was made at a press conference held at the BTMA office in Dhaka's Karwan Bazar on Thursday.

Speaking at the event, BTMA President Showkat Aziz Russell said: "If our demand is not met, we will close the factories from the 1st of February.

"Only then will the government understand that we cannot continue under these conditions," he added.

He said factories would shut automatically if bank loans could not be repaid, adding: "After graduating from LDC status, the garment sector will have to achieve 40 percent value addition. Preparat...