The 12th Dhaka International Textile and Garment Machinery Exhibition (DTG2015), four day exhibition which opened up last week with nearly 900 different exhibitors from 32 countries to market a wide state-of-the-art-textile and garment machineries and parts. The DTF 2015 demonstrated the huge potential of Bangladeshâ€™s RMG sector.
The size of the fair and the international interest it attracts shows the increasing reach and value attached to the RMG industry in Bangladesh. RMG industry is the countryâ€™s largest source of export earnings and leading industrial employer, it is vital for Bangladesh to see continuing interest in investing in new machinery and production techniques.
Investment is key to helping it build on its base as the worldâ€™s 2nd largest exporter of garments, by moving up the value chain. Bangladesh needs to encourage more such investment to sustain a virtuous cycle of re-investment in improvements to help the RMG sector achieve its target of $50bn of exports by 2021.
Currently, the textile mills produce around 85% of raw materials used by knitwear factories, and 40% of that used by woven garment factories. Over a third of the $16bn worth of fabrics and yarns currently used by the RMG sector needs to be imported.
By improving backward linkages further can both reduce foreign exchange pressures and boost productivity rates for factories introducing finished products. The RMG industry needs to keep modernizing to maintain growth and increase its ability to grow income and support jobs.
The DTG 2015 by organized by Bangladesh Textile Mills Association with the ultimate aim to offer an ideal platform to demonstrate new products and exploit business opportunities
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