Dhaka, April 29 -- President of the Bangladesh Textile Mills Association (BTMA) Showkat Aziz Russell said that around 5 lakh new jobs will be created in the country, if Indian yarn imports reduce to 50 percent.

He said this while speaking at a seminar on 'Sustainable Sourcing Seminar of Cotton', organized jointly by Cotton USA and BTMA, held at the Basundhara Convention Centre on Tuesday evening.

Criticizing businesses, he said those who are giving opinion in the media that local fabric production is adversely affected by the halt on Indian yarn imports through land ports, he said they are not on the side of growth of the domestic economy.

The BTMA president said that Indian clothes are imported by paying duty on the prices of clothes,...