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BATEXPO's apparel & textile show begins today |
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November 21, 2000
Dhaka-- (UNB) - A 3-day apparel and textile show begins here today (Tuesday) expecting a further boost to the country's main export products on the world market. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is organising the 11th Bangladesh Apparel and Textile Exposition (BATEXPO) 2000, the biggest in Asia Pacific region, at Hotel Sonargaon. Prime Minister Sheikh Hasina is expected to inaugurate the fair where BGMEA members, local and foreign fabric and accessories companies, computer and engineering firms and service organisations will display their products and services in 79 stalls. "This is a unique opportunity for our valued buyers to secure the best-quality apparel products at the most competitive prices," BGMEA president Anisur Rahman Sinha told a press conference at the BGMEA office yesterday(Monday). He said while visiting BATEXPO 2000, an annual event since 1989, the buyers could take the opportunity of taking a first-hand view of attractive investment incentives offered by the country. "We earnestly hope that investors in the backward-linkage industry will evaluate the overall investment climate and take positive decision," Sinha said inviting prospective visitors of the exposition to consider investment in Bangladesh. The fair will remain open from 9 am to 9pm everyday until November 23 to show the visitors the range, diversity, quality, fashion, style and price of locally made apparels under a single roof. Special arrangements have been made to exhibit the ready-stock apparels for direct sale during the fair at the same venue. As of previous years, the organisers will also hold seminars on each of the fair days to share experiences and ideas on issues related to mutual benefit in the international textile and clothing arena. A fashion show will also be staged on the concluding day. At the last BATEXPO, some 110 foreign buyers, including 20 new ones and 450 local representatives of foreign buyers, took first-hand idea about the garment products generating business worth USD 43.52 million from spot orders and USD 3.12 million from stock lots. Buyers, buying houses and their representatives from USA, Canada, UK, Germany, Italy, Austria, Finland, India, Pakistan, Sri Lanka, Japan, China, Hong Kong, Thailand, Singapore, Taiwan, Saudi Arabia, Dubai, Syria and UAE visited the clothing bazaar in 1999. Replying to a question, Sinha said despite post-2005 challenges, entrepreneurs are coming up with new units and expansion of their existing units considering the export growth of the sector. Some 3,100 garment factories are now in operation in the country, up from over 2,000 three years back. Average RMG export growing is over 15 per cent per year, which the BGMEA president predicted to grow at a rate of 10 per cent up to 2005 despite recession and tuff competition in the world market. "The growth would be continued even after the year 2005 if the infrastructure problem is solved." Replying to another question, he said over 100 organisations applied for participating in the fair, but accommodation problem compelled BGMEA to limit the number of stalls to 79. "We need a permanent fair venue with large space," Sinha said, adding that the work of BGMEA complex starts January next. As per plan, the complex would have an exhibition centre. BGMEA vice presidents Khalilur Rahman and Benajir Ahmed and director Shafiqul Islam Mohiuddin, who is the chief coordinator of BATEXPO 2000, were present in the press conference. |