Spinners thrown in a spin

Islam, who would not disclose his full identity fearing it would affect his loan eligibility, is the owner of one of the giants in textiles, and was expecting a good profitable year until things started tumbling a few months back.

He now stares at a $70 million loss as India and China have started supplying cheap yarn. For Islam this comes on top of an acute gas crisis.

Most spinners like him are on a spin today. For them it was a double whammy -- only at the end of last year they had a nightmarish experience with cotton price spiralling out, and now this glut of cheap imported yarn.

To make their woes worse, the European Union has offered in January this year generalised system of preference (GSP) with single-step conversion, which means a garment exporter will get duty-free export facility if he now just imports fabric and makes apparel. Earlier he had to go through a two-step conversion -- he had to import yarn to turn it into fabric and then into apparel. When this was the system, garment exporters found that use of local yarn was better as they could then get duty-free export facility.

With the offer of single-step GSP, garment exporters are importing cheap yarn from India and China. It makes sense for them. Because why should they bother about costly local yarn, exposing once again the frail planning and the status of competitiveness of our spinning industry that has grown to a Tk 40,000 crore investment today with the help of 25 percent cash incentive on exports, and two-step GSP facility.

And so the spinning industry has grown to a stage when it can fully support "general category" exportable knitwear's requirement for about 2 lakh metric ton of yarn.

The woe of the spinners began at the end of 2010 when the international cotton market suddenly started heating up. While a pound of cotton sold for 60-70 cents in October-November, it hit $1.75 a pound in January 2011 and pushed further up to $2.5 in March.

The spinners suddenly found all their projections going haywire. The loans they were allowed by their financiers to buy cotton before the price hike, could now buy them even less than half their requirement.

Another parallel development started taking place around that time. India slapped an export restriction on cotton in November-December, allowing exports on limited quota only. This helped India stabilise its internal cotton market but not at the cost of farmers. It offered a 300 rupee higher support price for every quintal of cotton to farmers. Thus with its clever policy, India satisfied both the farmers and the industry.

sanarbanam: kilograms to grams conversion chart

Well, if you are here checking this website everyday, you are just about as worried about your greencard as the next guy who contributed. If you think that "Others" will contribute and reach goals, that is very unlikely to happen. If it does, and you see this org succeed without your contribution, then congrats to you. But then, for every member or visitor of this website who read forums everyday, wishes good luck, prays for success of Immigration Voice and DOES NOT CONTRIBUTE $$ thinking that "One non-contributor will be barely missed" we have a potential contribution not coming. And that is a majority as of now. Out of 8000 plus registered members and hundreds of more visitors, less than 2000 have contributed. I totally agreed with you. This system has to be cleaned. If a system is being misused then the Gov will take some action. I also dont think they want to remove all Indians from US. I believe they will link this system with a new system similar to JRE and TOFFEL so that a police inspector from India can not come as PL/Sql programmer no matter who is hiring. I know my comment will hurt lot of people here. 2. Go to resources menu and find out how to contact your lawmaker. See if you can find an appointment and apprise them of the issue. Although there is no legislative solution to this problem and it remains an enforcement/administrative issue, the basic feature of the government includes the congressional oversight on the executive(DOS, FBI, USCIS etc in this case). 4. Call your local media or national media and tell them the our dear FBI takes 36 months to check if a permenant residency applicant is a terrorist/criminal/shop-lifter/DUI/DWI etc or not while that applicant is free to work on provisional work-permit called EAD issued by USCIS. Two things: if there is nothing wrong with the guy, he suffers long wait for his greencard. If he is a criminal, he works and enjoys the American dream on his EAD instead of being deported. "Although USCIS stated in its 2006 Annual Report Response (at p. 8) that it provides detailed data to DOS, the tri-agency group identified gaps in USCIS’ data. Through these discussions, the Ombudsman learned that accounting and processing methods differ at the Nebraska and Texas Service Centers (where USCIS processes employment-based petitions)." This condition stays with the patient/sufferer for 15 days or so and then disappears like a f*a*r*t in the wind.

Electrical construction databook

Formwork for concrete

Materials handling handbook

The architects' and builders' handbook, data for architects, structural engineers, contractors, and draughtsmen

Dosage calculations