Planning Minister MA Mannan is expected to inaugurate the four-day event, to be held from January 9-12
The 16th Dhaka International Textile and Garment Machinery Exhibition (DTG) will be held from today at Dhaka’s International Convention City Bashundhara (ICCB).
Bangladesh Textile Mills Association (BTMA), along with Hong Kong’s Yorkers Trade and Marketing Service Company Ltd, are jointly organizing the largest expo of textile and garment industry machineries in Bangladesh.
Planning Minister MA Mannan is expected to inaugurate the four-day event, to be held from January 9-12, said BTMA President Mohammad Ali Khokan, while addressing a press conference at the BTMA office in the capital on Monday.
Mohammad Ali said the local textile market was deteriorating previously due to misuse of bond benefits for textile materials including foreign yarns and other fabrics.
But despite the setback, he said in his speech that out of $36.67 billion export of RMG and textile products from Bangladesh in the previous fiscal year, $30.61 billion, or 83.47% of that amount, came from the local textile sector.
“Over Tk70,000 crore has been invested in this sector, a record-high for a private sector industry,” he added.
He also highlighted gas and electricity crisis as a prime barrier to investment in the textile sector.
The BTMA president said, “The government imports liquefied natural gas (LNG) to solve gas and electricity crisis, but it should be assured that the prices will remain at reasonable level, otherwise LNG import will not bring any positive result for the sector.”
He also urged the government to allocate at least 25 economic zones to the textile sector.
The exhibition, which will remain open for all from 12 noon to 8pm, aims to introduce local entrepreneurs with innovative machinery and transformation of technologies.
“We want to introduce our entrepreneurs with the latest technology in textile and garment machinery through this exposition,” the BTMA president said.
Mohammad Ali said that the spot sales of machinery were $280 million in last year and they were expecting more spot orders this year.
Some 1,200 machinery manufacturing organizations from 37 countries are participating in the exhibition.
The countries include Australia, Austria, Belgium, China, Czech Republic, Brazil, Croatia, Denmark, Finland, France, Germany, Greece, 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, the UK, the UAE and the USA.