Staff Correspondent
The 6th Dhaka International Textile and Garments Machinery Exhibition is set to start on February 8 with suppliers from 30 countries participating in this top textile technology event in Asia.
Some 600 suppliers or their local representatives will showcase their products at around 800 booths at the Bangladesh-China Friendship Conference Centre, organised by the Bangladesh Textile Mills Association.
The six-year old fair in Bangladesh has already been regarded as the ITMA in South Asia. The ITMA is the world largest textile technology event annually held in Germany.
‘The confidence of global machinery suppliers on Bangladeshi manufacturers is increasing. They see better future of Bangladesh export-oriented textile industry,’ BTMA president Abdul Hai Saker on Wednesday said at a press conference on the fair.
Sarker and his colleagues, however, said local spinners have started suffering from declining orders from global importers. The Indian spinners are also depressing Bangladesh yarn market. Blessed with the recent currency depreciation, fresh incentives by their government, locally produced cotton and machineries, Indian spinners are exporting yarn at a much lower cost, he claimed.
If the government does not come up with any immediate financial support package, local spinners will struggle to survive, he said.
Sarker reiterated industry’s demands which include more cash incentives for garment manufacturers, who use local yarn.
Research and development funds for industry and deferred payments of project loans have also been demanded by the textile entrepreneurs.
All the textile sub-sectors’ leaders will submit their demands to the government next week.
The BTMA vice-president Syed Monzurul Huq said the government should arrange support funds to help survive the industry during economic slowdown.
Tajul Islam and Engineer Ahmed Ali, vice-presidents of the BTMA also spoke at the press conference.
Courtesy: newagebd.com
