Four International Tradeshows on readymade garments (RMG) with participation of nearly 450 companies from more than 24 countries spread over 10 halls of ICCB (International Convention City, Bashundhara) kicked off in the capital today.
Tipu Munshi, MP, Hon’ble Minister for Commerce, Govt. of People’s Republic of Bangladesh inaugurated these four international events as the chief guest.
Zakaria Trade & Fair International , ASK Trade & Exhibitions Pvt Ltd and Bangladesh Garment Accessories & Packaging Manufacturers & Exporters Association (BGAPMEA) have organized 19th edition of GARMENTECH Bangladesh 2020 – International Apparel Machinery & Allied Products Tradeshow, 11th edition of International Yarn & Fabrics Sourcing Fair, 11th edition of GAP Expo-2020 International Garment Accessories, Packaging Show Concurrent with PACKTECH Bangladesh 2020 International Expo on Packaging & Corrugation Technology all under one umbrella.
Addressing the programme as a chief guest, Commerce minister Tipu Munshi said “Now we are in the second position in garment exports globally after China. We have immense potential for bagging more work orders. But entrepreneurs need bank loans at a lower interest rate for a rapid expansion of the business.”
“West Bengal and Myanmar are the potential markets for us because they have started building up new factories in their country. So, there is an ample opportunity to supply more accessory items to them,” he added.
Speaking at the programme, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Rubana Huq said, the entire RMG sector is not doing great at this moment because fifty-nine garment factories have been shut and 25,900 workers have lost jobs in the last seven months and our growth stood at negative 7.64 percent.
“Most of them were small and medium enterprises and they failed to maintain compliance strictly and pay their workers under the new wage structure,” she added.
Readymade garment industry is passing a hard time with many challenges such as— a deficit of image, the downward trend of price, deficiency of Research and Development, inefficiency, wastage, lack of planning- all add up to the basket of challenges, she opined.
Md. Abdul Kader Khan, President of Bangladesh Garment Accessories & Packaging Manufacturers & Exporters Association (BGAPMEA); Rafez Alam Chowdhury, Advisor, BGAPMEA; Nanda Gopal K, Director, ASK Trade & Exhibitions Pvt Ltd, Mr. Tipu Sultan Bhuyian, MD, Zakaria Trade & Fair International were also present in the inauguration ceremony along with other stakeholders of this industry.
GARMENTECH Bangladesh 2020, in its 19th edition, is showcasing the latest in Sewing, Knitting, embroidery, Laundry, Finishing, Dyeing, CAD/CAM, Printing, Cutting, Spreading machinery from leading companies from across the world. Technology solutions on display at the show is addressing the pressing concerns of the industry viz., Safety, Compliance, Productivity, Efficiency, Value-Addition.
Into its 11th edition International Yarn & Fabrics Sourcing Fair has the latest collection of natural and synthetic yarn and fabric and its blends both for woven and knit sectors being showcased by overseas companies.
11th edition of GAP Expo-2020 Co-organized with the Bangladesh Garment Accessories & Packaging Manufacturers & Exporters Association (BGAPMEA) have largest collection of garment accessories and packaging used by the RMG industry showcased by leading companies from Bangladesh as well as from overseas. Companies are showcasing Garment Accessories, Packaging and related machinery including Labels, Zippers, Tags, Tapes, Thread, Ribbon, Buttons, Rivets, Laces, hooks, Transfer Film, paper, ink etc., Concurrent with PACKTECH Bangladesh showcasing Packaging & Corrugation Technology.
Sub-event: GARMENTECH DIALOGUE – to host a panel discussion on “Innovation & Value Addition in Bangladesh Textile Industry” and “AI & Automation; Myths: Its impact and Way forward” to be deliberated by the various stakeholders and technologists from 4.00pm on 17th January 2020 at Mezzanine Floor of Hall No.4. This event is managed by Textile Focus magazine group.
For information write to nandagopal@asktradex.com or visit www.garmentechdhaka.com. The show is open between 11am to 7pm on all days. Entry is free for all. For more details of the participants refer to the Invitation. For more details about the organizer visit www.asktradex.com or www.garmentechdhaka.com.