Trade AssociationNews

Textile entrepreneurs demand economic zones to set up MMF factories

BTJ Desk Report
Textile entrepreneurs demand economic zones to set up MMF factories

The textile millers demanded 8-10 economic zones with speedy completion to set up factory units to manufacture man-made fiber (MMF).

Mohammad Ali Khokon, president of the Bangladesh Textile Mills Association (BTMA) revealed it while speaking at the pre-event press conference regarding the 17th Dhaka International Textile & Garment Machinery Exhibition (DTG) 2023 in the capital on Sunday.

He also said that the government is establishing about 100 special economic zones to attract investment and they want all kinds of benefits for investment across the said economic zone in the fastest possible time.

He also said that in 2021 and 2022, the textile sector attracted investments worth $6060.08 million and $4148.14 million respectively. They would have been more invested if they had adequate gas, electricity, and infrastructure facilities.

There are about 20 recycled fiber factories that produce cotton from garment jhut and textile waste, he added saying that the production is at risk as garment jhut and textile waste are exported or smuggled though.

The 4-day event of the 17th DTG is going to be held from February 15-18 by the BTMA in association with Yorkers Trade and Marketing Co Ltd, Hong Kong at the ICCB of the capital after a three-year pause due to Covid-19.

The objective of organizing this exhibition is to display the overall subject of the primary textile sector and the success or failure of the sector.

This year, about 1200 renowned textile and garment machinery companies from 35 countries are participating in 19 halls of ICCB with 1600 booths.

DTG brings the textile and RMG sector under the same platform with world-renowned buyer brands, helping them to export their products by adapting to the ever-changing technology.


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