The 20th Bangladesh Apparel and Textile Exposition will begin in the capital on Thursday presenting more value added local garments to the international importers.
The prime minister, Sheikh Hasin, will inaugurate the biggest annual exposition of Bangladesh garment industry at Hotel Sonargaon in the morning.
At a press conference on Wednesday, leaders of the Bangladesh Garment Manufacturers Exporters Association, the organiser of Batexpo, hoped that the exhibition would help offset the recent impacts of global recession in apparel business.
‘We are expecting fresh negotiations at the Batexpo, as it is being held in such a period when there is hope that the global recession is either easing or ending, said Abdus Salam Murshedy, the president of the association.
He hoped that that at least 200 buyers from Europe, USA, Hong Kong, Japan and other countries would visit the two-day long fair. ‘We have been sure that more buyers are coming to Dhaka this time than the previous occasion.’
The BGMEA president said that as the members of BGMEA produce diversified garment products, the exhibition would showcase all varieties of garments that are exported from Bangladesh.
Woven garments constitute 48 per cent of the country’s $12.7 billion worth readymade garment export. Shipments of sweater and light knitted wear account for the rest of the earning.
Murshedy told reporters that some 62 local and foreign companies would showcase their products and services in 82 stalls in the exhibition. Manufacturers of woven garments, knitted wear including sweater, fabric and accessories suppliers, bankers and other allied service providers have booked the stalls, he informed.
‘Buyers will find advanced versions of denim products, diversities in woven or cut and sew garments, light knitted wear and sweaters,’ Murshedy said.
He claimed that BGMEA represents entire woven garment manufacturing sector while more than 90 per cent of country’s sweater manufacturing units and many of the light knitwear manufacturers are affiliated with the association.
Alongside the exhibition, two industrial seminars and cultural programmes will be held.
The leader of the opposition in the parliament, Khaleda Zia, will attend the closing ceremony as chief guest on Friday.
The working committee of national taskforce on recession on Tuesday recommended the government for giving 5 percent cash incentive to the ready-made garment exporters and its backward integration only for new export destinations to revive the export growth. Read More »
German company Cancun Food Produces Limited is going to establish a high tech food processing industry in the Adamjee Export Processing Zone. Read More »
Fresh unrest is again simmering in the readymade garments (RMG) sector. Three precious lives were lost and over a hundred wounded in the recent deadly violence in Tongi. An apparently disturbed Prime Minister, Sheikh Hasina, categorically said that the government would not tolerate chaotic situation any more in the garment sector. The garment workers must get all types of facilities as they, with their low paid salaries, find it difficult to make both ends meet, she said. Read More »
The 20th Bangladesh Apparel and Textile Exposition will begin in the capital on Thursday presenting more value added local garments to the international importers. Read More »
Ocean Containers Limited, a fully-owned subsidiary of Summit Alliance Port Ltd, has got approval from the Chittagong Stock Exchange to be listed directly with the bourse. Read More »
Indonesian President Susilo Bambang Yudhoyono promised Thursday to boost investment by removing red tape blamed for slowing growth in Southeast Asia's biggest economy. Read More »
Connectivity in education is key for Bangladesh to step in to the digital era, says a top regional official of Cisco Systems, a leading global supplier of networking equipment and network management. Read More »
An uneasy calm prevailed in industrial town of Tongi Saturday after pitched battles between agitated garment workers and police left an unspecified number of people dead or wounded and forced brief movement of traffic in nearby Dhaka-Mymensingh highway. Read More »
Bangladesh Commerce Minister Faruk Khan yesterday directed the garment associations to submit the structural designs of their member-factories' outmoded buildings to renovate the jerry-built factory houses by December. Read More »
In late 2009 the business community and economists often remark that the level of investment in the economy is too low. The Minister of Finance has recently expressed such concerns. What they mean is that to create jobs for the young people entering the labour force, to raise the productivity of workers, and to make the economy grow faster there has to be much more investment than is now taking place. We examine in this article some of the evidence that it is low and review some of the reasons for this. Perhaps by understanding the reasons it really is possible to figure out how to increase investment. Read More »
The knitwear sector trade body chief in a press briefing yesterday pointed his finger at the absence of strong trade negotiations on the government's part, a setback to raising Bangladesh's capability to tap the $1.2 billion South African apparel market. Read More »
Knitwear and woven garment exports, which account for over 80 percent of total shipments, slipped in the July-August period, dimming prospects for Bangladesh's overseas sales. Read More »
Join Now
Log In
Receive our newsletter
Advertising
Send to a collegue
Print Page
