The 6th Dhaka Int’l Textile and Garment Machinery Exhibition-2009
Largest International Sourcing Base of Textiles and
Garments
Bangladesh has a ready market with a domestic demand
for approximately 145 million people. It has a growing
market. Textiles being the largest export sector of
the country and the fastest growing industry with ready-made
garment (RMG) accounting for more than 76% of total
export earnings, Bangladesh is one of the top five RMG
exporters in the world with Annual Export of RMG over
US$ 7.50 billion. By 2010 the target of RMG export has
been fixed at US$ 10.00 billions.
In
the Private Sector there are 247 spinning mills having
spindle capacity of 5.2 million, 356 waving mills having
production capacity of 900 million metres of gray fabrics.
Further 1137 million metres of gray fabrics are produced
by semi mechanized/mechanized power looms and Hand loom
units. The number of RMG factories exceed 4000 unit,
employing over 4.5 million of the industrial workforce.
Defying all projection as losers under the quota free
regime, Bangladesh RMG export has shown an upward trend
in year 2005 & 2006. Some American buyers are shifting
their orders from China to Bangladesh mainly due to restrictions
imposed on Chinese products under WTO safeguard mechanism.
Moreover, Bangladesh enjoys the duty-free market access
benefit under the “Generalized System of Preference (GSP)”
& Everything But Arms (EBA) from EU. She also enjoys
duty-free market access to Canada, Australia, Japan, Norway & other
countries.
In order
to accelerate the economic development, the Bangladesh
Government is keen on exploring foreign investment. The
Government has announced a number of financial as well
as non-financial incentives including tax holidays, unhindered
repatriation of profits, withdrawal of non-tariff barriers
in all respects, duty-free import of capital machinery,
Cash Assistance to exporters for sourcing fabrics locally.
Bangladesh also follows a very liberal and open import
trade regime. It has a stable currency and the rate of
inflation is also low.
Despite
strong Globe competition, Bangladesh still has the ability
to compete with any country in textiles and garments export.
Great potential and market opportunities have led to continuous
growth in textile sector over the years. Now it is the
best time to project the facilities to potential investors
in textiles and garments arena of Bangladesh.
Business
Opportunities.
DTG 2009 offers a host of business opportunities to
exhibitors.
◎ Showcase
the latest machinery, equipment, accessories and development
in the industry for test marketing and generating business
◎ Transfer of high technology and scope for investment and
joint ventures in Bangladesh
◎ Sourcing output requirements from Bangladesh
◎ Technology adaptation and up-gradation.
◎ Supply of plant, machinery, process control equipment,
projects and services etc.
◎ Project collaborations
◎ One to one business meetings and networking opportunities
Visitors’
Profile.
◎ CEOs,
Engineers and Technocrats
◎ Marketing Chiefs, Professionals and Consultants
◎ Policy Makers, Diplomats and Officials
◎ Industry Associations and Trade Delegations from Bangladesh
and Abroad
◎ Buying Missions from neighboring regions
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