May 18, 2012

Bangladesh to buy 1.5 million bales Indian cotton annually

In order to meet huge demand of the country, Bangladesh is going to import some 1.5 million bales of cotton from India per year of which a deal between the two friendly countries in this regard will be signed soon.

A competent source from commerce ministry disclosed the matter. On May 14, a two-day long first session of discussion over cotton trade between Ministry of Commerce officials, Bangladesh Tariff Commission and Trading Corporation Bangladesh (TCB) personnel and other stakeholders of an Indian delegation concluded.

The Bangladesh delegation was led by Commerce Ministry's additional secretary Ruhul Amin Sarkar while Indian Textile Ministry Joint Secretary V Srinivas led the Indian side.