The BTMA or the Bangladesh Textile Mills Association, which is the body of textile millers in Bangladesh, has sought extension of loan limit from the EDF or the Export Development Fund from current US $ 30 million cap to US $ 40 million until December 2022 even as it also sought bringing down the interest rate of this loan to 1.75 per cent.
Reports maintained this adding BTMA President has, reportedly, sent a letter in this direction to the Deputy Governor of Bangladesh Bank, which is Bangladesh’s central bank, recently.
In the letter Mohammad Ali Khokon, reportedly, underlined the dyeing, weaving, finishing and printing mills were not getting the facility of enhanced loans from the EDF even as he, reportedly, stated that raw material prices, particularly yarn, dye-chemicals and raw cotton, have increased almost 100 per cent in the global market, considering which, the BTMA President, reportedly, maintained the limit of US $ 25 million was not enough and demanded that considering the current raw material prices, the limit should be US $ 35-US $ 45 million.
