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TEXBANGLA-2010: A Festival of the Primary Textile Manufacturers

TEXBANGLA is the prime display event of the primary textile producing mills member’s organization Bangladesh Textile Mills Association. The exhibition is designed to showcase world class textile products from yarn to fabric manufacturing in private sector primary textile of Bangladesh.TEXBANGLA-2010 with the theme “Made in Bangladesh” emphasizes the importance of the role that textile products play in the development of the national economy. The growth of the Primary Textile Sector has encompasses Bangladesh into a new economic dimension characterized by a vibrant economy and supporting Government policy alleviation.

Prime Minister Inaugurates TexBangla 2010:

Honorable Prime Minister Sheikh Hasina inaugurated three-days long (22-24 May 2010) event TEXBANGLA at Hotel Sheraton. She assured of her government’s continuous support for the development of country’s vital textiles sector saying it is one of the country’s major sectors after agriculture in term of generating employment opportunities.

“The government despite its resources constraints has been providing different encouraging stimulus for increasing quality production along with encouraging investment in primary textiles sector, a major player of foreign exchange earnings,” she also said.

Mentioning the changing trend of textiles sector in international arena, compliance and bio-diversity issues, she said Bangladesh has to take a long-term plan to cope with the present world as these issues would influence world textile business in future.
Apart from this, she said, the present government has reduced interest rate in textile sector to 10 percent from 13 percent.

Textiles and Jute Minister Mr. Abdul Latif Siddique, Commerce Minister Muhammad Faruk Khan, Former President of BTMA Salman F. Rahman and BTMA President Abdul Hai Sarkar also spoke on the occasion.

In the welcome speech BTMA president Abdul Hai Sarker hailed the support Sheikh Hasina given to the primary textile sector during her regime in the government. Meanwhile veteran business leader Salma F. Rahman gave a presentation showing the growth of the primary textile industries throughout the years for independence. He forecasted a strong future of this sector if the government keeps their supports uninterrupted to the industry. Here to be mentioned that government is giving 5% cash incentive to the local yarn when it is being in the exported garment. It has been providing a competitive advantage to the spinning mills. In answering the allegation of the artificial price hike of the local yarn BTMA again expressed that they have been suffering from acute gas crisis and highest cotton price within 15 years. But they again promised that the prices will come to a tolerable level very shortly. In his speech BTMA president also informed that foreign exchange retain of 12.57 garment export of fiscal 2008-09 is as much as 78.93 which is a remarkable achievement and indicates that our backward industry is very big and strong now. Mr. Hai hailed the government’s initiative to approve power generation without bid to ensure an quick and emergency solution of the acute power crisis of the industry. He expressed that government will also ensure proper use of the gas resource by giving priority based supply to the textile industries.

BTMA leaders also expressed their concern about the badly affected local fabric manufacturing artisan industry because of the yarn price. They promised to give all out support to them. They declared a donation of BDT 50 million to the prime ministers fund for weaver’s welfare to help the local weavers which have been acclaimed by the present gathering.

Later, the prime minister formally inaugurated the TexBangla-2010 by cutting a ribbon and went round various stalls set up in the hotel premises. Ministers, advisers to the Prime Minister, parliament members, leading businessmen and entrepreneurs were present on the occasion.
26 textile mills were exhibiting their products at the TexBangla-2010.

Talk on Energy Situation :

The seminar on ‘Energy Investment: prosper and Bangladesh perspective’ Hotel Sheraton on bird May as a concurrent event of Tex Bangla 2010. Former finance adviser to the via-a- -his problems, held at the caretaker government MCAB Mirza Azizul Islam was present as chief guest and advised the government to deal with the power projects transparently but quickly. ‘Please allay public concern with regard to implementing the power projects he urged the government while speaking in the seminar. Centre for Policy Dialogue (CPD) executive director Mustafizur Rahman, economist Anu Mohammad and Petrobangla chairman Hossain Mansur also spoke at the seminar while the seminar presided over by BTMA president Abdul Hai Sarker. CEO of Infrastructure Investment Facilitation Centre (IIFC) Nazrul Islam presented the keynote paper at the seminar.

CPD’S Mustafizur Rahman said the country would need 42,000 megawatt of electricity by the year 2025 to ensure an eight percent GDP growth. Most importantly, the government should ensure energy security in the poverty-prone areas across the country, he added. Anu Mohammad said the state-run institutions like Power Development Board (PDB) could not work to develop the power senor for some quarters with vested interest. The government should have the main control over energy sedoc It won’t be right to allow the profit- motivated private senor to control the power senor, he observed.

Petrobangla Mansur said chairman Hossain approval to at least 200 companies remained pending at his office for gas connection. ‘The demand of gas will grow much higher if Petrobangla approves gas connexion to those companies.

Cultural evening & Fashion Show:

clip_image002A Live performance by Sunidhi Chauhan was held at the Bangabandhu International Conference centre on May 22 where BTMA members, invited guests, media personals were enjoying music. Vigil and lively performance from Sunidhi Chauhan made TexBangla festival enthusiastic, BTMA also organized a Fashion Show & Live Dance choreographed and performed by Liza Malik and her troops was held on Monday, May 24 at Utshab, the Radisson Water garden hotel.

Model walked on the ramp with music and dance displaying fashion developments. For the BTMA member invited guests, media personals in the program it was a sheer entertainment.

clip_image004Talk on Energy Situation :

The seminar on ‘Energy vis-à-vis Investment : Prospects and problems, Bangladesh perspective’ held at the Hotel Sheraton on 23rd May as a concurrent event of TexBangla 2010. Former finance adviser to the caretaker government Mr.AB Mirza Azizul Islam was present as chief guest and advised the government to deal with the power projects transparently but quickly. ‘Please allay public concern with regard to implementing the power projects,’ he urged the government while speaking in the seminar. Centre for Policy Dialogue (CPD) executive director Mustafizur Rahman, economist Anu Mohammad and Petrobangla chairman Hossain Mansur also spoke at the seminar while the seminar presided over by BTMA president Abdul Hai Sarker. CEO of Infrastructure Investment Facilitation Centre (IIFC) Nazrul Islam presented the keynote paper at the seminar.

CPD’s Mustafizur Rahman said the country would need 42,000 megawatt of electricity by the year 2025 to ensure an eight percent GDP growth. Most importantly, the government should ensure energy security in the poverty-prone areas across the country, he added. Anu Mohammad said the state-run institutions like Power Development Board (PDB) could not work to develop the power sector for  some quarters with vested interest.

The government should have the main control over energy sector. It won’t be right to allow the profit-motivated private sector to control the power sector, he observed.

Petrobangla chairman Hossain Mansur said approval to at least 200 companies remained pending at his office for gas connection. ‘The demand of gas will grow much higher if Petrobangla approves gas connection to those companies.’

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