19th Dhaka International Yarn and Fabric Show 2023-Winter. Edition started concurrently with “5th Dhaka International Denim Show 2023” at the ICCB of the capital on Wednesday.
CEMS Global USA is organized the four-day event in collaboration with CCPIT-Sub Council of the Textile Industry (CCPIT-TEX)”.
Golam Dastagir Gazi inaugurated the event as the chief guest.
He said that the current government is working tirelessly for rapid expansion in the fields of commerce and Industry under the competent leadership of Prime Minister Sheikh Hasina.
“The current administration is continuing to work hard to expand the garment industry as one of the main economic sectors in order to achieve its goal of having a developed economy by 2041,” he added.
He also said that the show will attract both domestic and foreign direct investment, accelerate industrialization, broaden product diversity, increase export revenues, and, most importantly, provide opportunities to earn foreign currency.
Shahidullah Azim, vice president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said that the RMG sector is playing a vital role in the economic development of the country.
“Since the tragedy of the Rana Plaza, the sector experienced a significant development and currently the second largest exporter of the RMG items. Our sector is the widely accepted sourcing hub with building safety, workplace safety and environment,” he added.
He also said that currently the sector has 188 green factories and another 550 are on the process.
“We are going to graduate from the LDC and now we should focus on the strong backward linkage industry,” he added saying that the expo will play a vital role as a platform for the potential buyers and stakeholders.
Mohammad Hatem, executive president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), said that Bangladesh is the leading exporter of the apparel items and this type of expo is a better platform for the both buyers and manufacturers.
“Now we should focus on the MMF to maintain the growth momentum and to grab the more share in the global market as 75% of the global demand is for MMF products,” he added.
The apparel sector of the country will face new challenges after graduating from the LDC, however, it will also open the doors of opportunity, he added.
“In this regard, we need adequate policy supports from the concerned authority. From this type of fair, we should seek joint-venture adventure for the set up of the state-of-the-art factories,” he added.
Meherun N. Islam, president and managing director of CEMS Global remarked the opening speech saying that after the COVID-19 pandemic, they are holding the first exhibitions of the year 2023.
Song Yang, commercial consulate, The Embassy of the People’s Republic of China in Bangladesh, Shri Sunil Patwari, chairman of the Cotton Textiles Export Promotion Council (TEXPROCIL), and Zhang Tao, vice chairman of the sub-council of China Textile Industry (CCPIT-TEX) also attended as the inauguration ceremony.
More than 350 companies from 12 countries are attending in this exhibition with more than 500 stalls.