A four-day exposition starts in Dhaka tomorrow to showcase the latest technology in textile and garment machinery to mill owners and investors.
A total of 850 companies from 31 countries will exhibit modern apparel machinery at 1,050 booths at the tenth Dhaka International Textile and Garments Machinery Exhibition.
Bangladesh Textile Mills Association (BTMA) is organising the show at Bangabandhu International Conference Centre in association with Chan Chao International Co Ltd and Yorkers Trade & Marketing Service Company Ltd.
“The textile and clothing sector faces immense competition. The use of modern technology in the sector will raise product quality and reduce production costs,” Jahangir Alamin, president of BTMA, said at a press conference yesterday.
The BTMA chief said the expo has become known as MINI-ITME (International Textile Machinery Exhibition) in South Asia.
Alamin stressed the need for setting up a permanent fair complex saying that such a fair complex has become indispensable to meet the rising demand for holding fairs, expositions of different export oriented industries.
Bangladesh, being the second largest destination for RMG outsourcing in the world, has earned $20 billion from export of textiles during 2011-12 fiscal and around five million workers, mostly women, are now working in the industry, he said.
Bangladesh accounts for 5 percent of the global readymade garment exports, according to Alamin.
Finance Minister AMA Muhith is scheduled to inaugurate the exhibition.