The
8th Dhaka Intˇ¦l Textile and Garment Machinery
Exhibition-2011
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 ˇ§Generalized System of Preference (GSP)ˇ¨ & 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 2011 offers a host of business opportunities
to exhibitors.
ˇ· Showcase the latest machinery, equipment, accessories and development in the industry for test marketing and generating business
ˇ· Transfer of high technology and scope for investment and joint ventures in Bangladesh
ˇ· Sourcing output requirements from Bangladesh
ˇ· Technology adaptation and up-gradation.
ˇ· Supply of plant, machinery, process control equipment, projects and services etc.
ˇ· Project collaborations
ˇ· One to one business meetings and networking opportunities
Visitorsˇ¦ Profile.
ˇ· CEOs, Engineers and Technocrats
ˇ· Marketing Chiefs, Professionals and Consultants
ˇ· Policy Makers, Diplomats and Officials
ˇ· Industry Associations and Trade Delegations from Bangladesh and Abroad
ˇ· Buying Missions from neighboring region
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