scholseys
SENIOR MEMBER
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- Dec 28, 2011
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If you were in power and two competing business interest lobby you which one you will go for. One who says spinning industry should be protected(without supply of domestic cotton) or value added RMG which will fetch higher price and possibly compete with china if you can make it massively big.
Are you sure your spinning industry is sufficient to support the RMG and not shackle it?
Dont go by personal loss, imagine you did not have any factory in your family.
I see your point but the Bangladesh textile is also a very big indsutry with the thousands of job it creates, the government should protect it. Right now due to the global melt down, huge cotton stock pile; the mills are shut down and the cotton is going for 98 cents. This sector has been very badly hurt for the past 6-8 months, at this rate our textile industry will collapse within the next 7-8 months.