Dhaka 13 October, 2026

President Calls for Integrated Policy Support to Advance Domestic Textile Industry

RTV News

Publish : 21 Sep 2026, 06:54 PM
A delegation from the BTMA, led by its President, Shawkat Aziz Russell, met with President Mirza Fakhrul Islam Alamgir at Bangabhaban. -PID Photo

As conveyed by President's Press Secretary Sarwar Alam, President Mirza Fakhrul Islam Alamgir stressed implementing pragmatic and unified policy frameworks matching rival nations to advance domestic textiles during a Bangabhaban meeting with a twenty-two-member Bangladesh Textile Mills Association delegation led by President Shawkat Aziz Russell, stating, "To take the country’s textile sector forward, it is necessary to ensure realistic and integrated policy support for Bangladesh’s industrial enterprises, like those in competing countries."

Acknowledging sector contributions to national economics and foreign exchange, he affirmed, "The textile sector plays a very important role in the country’s economic development and employment generation," while pledging backing and advising delegates to engage administration policymakers seriously.

Reflecting on national trajectory, the President observed, “Even after 55 years of independence, we have not been able to take our economy to the desired level due to various reasons, including political instability. As a democratic government has now assumed responsibility, a new opportunity has been created to rebuild those sectors,” urging collaborative pursuit by business leaders.

Turning to external headwinds, he noted that Middle East conflict disproportionately strains developing economies, identifying energy deficits as primary and remarking, “The energy crisis has emerged as the biggest problem at present. In the past, no significant initiative was taken for the exploration and extraction of the country’s own gas and energy resources and for ensuring long-term energy security,” while noting ongoing governmental remediation efforts.

During the engagement, BTMA President Shawkat Aziz Russell underscored industry economic contributions, outlined historical sector advancements under Shaheed President Ziaur Rahman and former Prime Minister Begum Khaleda Zia and reviewed prevailing challenges, with delegates urging the National Board of Revenue to maintain bond facility withdrawals for ten to thirty count cotton yarn imports while enabling bank-guaranteed imports to safeguard domestic mills. Presidential secretaries and senior officials joined the conference.

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