Though Bangladesh garments exports are increasing, apparel makers are facing different challenges day by day. In order to stimulate the rapid economic growth of the country, particularly through industrialization, the government has adopted an ‘Open Door Policy’ to attract foreign investment to the country by establishing economic zones in all potential areas, including backward and underdeveloped regions.
Shirin Sharmin Chaudhury, Speaker of the Jatiya Sangsad said this as the chief guest in the inauguration ceremony of a series of three textile exhibitions ‘19th Textech Bangladesh International Expo 2018’, ‘14th Dhaka International Yarn & Fabric Show 2018’ and ‘33rd Dye+Chem Bangladesh Expo 2018’. The three concurrent exhibitions are happening from 12 September at International Convention City Bashundhara (ICCB), Dhaka, where Textile Today is one of the media partners. These exhibitions will be continuing until 15 September.
“We should focus on traditional textile and needs more diversify products to meet our local demand,” Shirin added.
Government has made 100 economic zones where many textile factories will be set up and the government will also set up textile Institute in all district to make skilled textile professional.
In the exhibition, around 1250 companies with 1500 booths from 25 countries around the world are displaying a large number of accessories, textile and apparel making machinery, colors and essential chemicals.
The special guest Md. Shafiul Islam (Mohiuddin), President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) highlighted the recent challenges of textile and Ready Made Garment (RMG) industry.
“We need latest and modern machinery to increase our productivity,” said Mirza Azam, State Minister for Textiles & Jute.
“Government has made 100 economic zones where many textile factories will be set up and the government will also set up textile Institute in all district to make skilled textile professional,” Mirza Azam added.
The export volume from Bangladesh has increased, but the price has decreased. Mirza Azam urged exporters to explore potential in the new market and go to diversify products.
Bangladesh garments industry is now more sustainable. RMG makers should focus on value-added products for sustainable business, said Harsh Vardhan Shringl, Indian High Commissioner in Dhaka.
Sustainability is a big issue for us, we need more sustainable technology and solutions for sustainable business.
As a fabrics supplier, Bangladesh is our potential market. Day by day new factories have been established but the price is becoming a challenge for us due to a competitive market, said Hasan Tarique Imam, Country Manager, CHTC Dayao Textile Co. Ltd.
Inaugural session, seminars, business to business meetings, interactions among visitors all have geared up the people of textile and RMG industry and giving another boost to move further.
Fazly Shamim Ehsan, Vice President of Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA); Mehrun N. Islam, President and Group Managing Director, CEMS Global and CEMS Bangladesh; Faruque Hassan, Senior Vice President, BGMEA, were also present among others in the inauguration ceremony.