The government will move fast to address the problems of the textile and RMG manufacturers as it has got a specific proposal consisting of their demands, said Textiles and Jute Minister Abdul Latif Siddiqui at Dhaka International Textile and Garment Machinery Exhibition.

He assured the textile and RMG makers of solving their problems very soon as the sector people submitted a package of proposal to the minister. In the package proposal, the business people demanded depreciation of the local currency against the dollar, a moratorium on loan payment for two years and taking effective measures to slap a ban on yarn import through illegal channels.

The assurance from the Minister came at the inaugural ceremony of the four-day 6th Dhaka International Textile and Garment Machinery Exhibition-2009 at Bangladesh-China Friendship Conference Centre in Dhaka. More than 600 companies from over 30 countries are displaying their machinery and other textile accessories in 800 booths at the show.