It was an ultimatum that sent ripples through Bangladesh’s garment industry: If the interim government failed to safeguard domestic yarn production by suspending duty-free yarn exports under the bonded warehouse facility, the Bangladesh Textile Mills Association warned, all mills would be indefinitely closed starting February. “We do not have the capacity to repay bank loans,” BTMA president Showkat Aziz Russell said at a press conference in Dhaka last week. “Even if we sell off all our assets, it will n ...