Dhaka, Jan. 22 -- Bangladesh Textile Mills Association (BTMA) on Thursday threatened to shut down all spinning mills across the country from February 1 if the government does not withdraw duty-free import facilities for certain categories of cotton yarn.

BTMA President Showkat Aziz Russell issued the ultimatum at a press conference held at the association's office in Dhaka.

The association is demanding the immediate suspension of bond facilities on the import of 10-30 count cotton yarn, arguing that the measure is essential to protect the local spinning industry from what it describes as unfair competition.

11 more institutions inc. banks, municipal bodies join BIDA's One-Stop Service portal

The dispute centres on the National Board o...