“The textile and garment business of Bangladesh will remain competitive over the next many years as the demand is increasing every year both in the international and local markets. At the same time, Bangladesh will continue to grow as a major textile machinery market,” said Chen Ji, Secretary-General of the China Sewing Machinery Association (CSMA).
He said this in the four-day Dhaka International Textile and Garment Machinery (DTG 2019) exhibition continued from January 9-12 at ICCB, Dhaka with an aim to attract both local and foreign investment in the textile and apparel sectors, and showcasing latest brands of textile machinery.
DTG in conjunction with the 16th Dhaka Int’l Textile & Apparel Accessories Exhibition (DitaTex) and the inaugural Bangladesh Int’l Sewing Machinery & Accessories Fair (BISMA) have showcased complete textile and garment supply chains covering different processing stages from spinning, weaving, knitting, dyeing and finishing to sewing and fabrics.
The textile and garment business of Bangladesh will remain competitive over the next many years as the demand is increasing every year both in the international and local markets. At the same time, Bangladesh will continue to grow as a major textile machinery market.
The event was jointly organized by Bangladesh Textile Mills Association (BTMA) and Yorkers Trade and Marketing Service Co. Ltd where Bangladesh Textile Today was the media partner of the event.
In the opening day, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Md. Siddiqur Rahman, Vice President (Finance) of BGMEA Md. Nasir, 2nd Vice President of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Fazlee Shamim Ehsan and Secretary General of China Sewing Machinery Association Chen Ji inaugurated the exhibitions.
Judy Wang, president of Yorkers Trade & Marketing Services Co., stated that every year the number of participants was increasing as renowned textile and garment manufacturing companies in the world wanted to sell their goods in Bangladesh.
Local spinners can meet 80 percent of the demand of the knitwear sector, while only 35 -40 percent of the woven sectors’ demand can be met by local suppliers, Judy Wang said.
“So, there is room for further big investment in the woven sector where local entrepreneurs will need to install machinery worth of billions of US dollars,” Judy added.
DTG has annually kept bringing world-class professional brand suppliers for Bangladesh’s textile and garment industries, and has been likened to a ‘mini ITMA’. This year, the show boosted the largest scale in its 16-year history, with 1, 200 brands using 1,650 booths or 30,000 sqm in space to display their latest products, up 25% on year.
The event gathered brand suppliers from 37 countries and regions, including Australia, Austria, Bangladesh, Belgium, Brazil, Canada, China, Croatia, Chechnya, Denmark, France, Germany, Hong Kong, Hungary, India, Indonesia, Italy, Japan, Korea, Malaysia, Netherlands, Pakistan, Poland, Portugal, Romania, Saudi Arabia, Singapore, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Arab Emirates, United Kingdom, and USA.
Textile and garment industry has already become the most important sector of Bangladesh which account for over 82% of export turnover rate, making Bangladesh the second largest garment exporter of the world. According to the prediction, the amount of Bangladesh’s textile & garment export will reach US$$50 billion by 2021.
As country’s textile & garment industry continues expansion, the demand for advanced machinery and technology is on the rise, several major sectors are ready to update its machinery and equipment for driving all relative industries to the next leading level.