Research activities, training for quality improvement of textile goods stressed
Friday, 14 March 2008
FE Report
A day long seminar on New Vision and Development of National Institute of Textile Training, Research and Design (NITTRAD): Presentation of Assessment Reports and Signing Ceremony of the Cooperation Agreement between NITTRAD and the Niederrhein University of Germany was held at a city hotel Thursday.
Adviser for the ministries for textiles and jute, local government, rural development and cooperatives and labour and employment Mohammed Anwarul Iqbal was present as the chief guest at the seminar.
The seminar was organised by Ministry of Textiles and Jute in cooperation with Bangladesh Quality Support Programme (BQSP) of European Union (EU) and United Nations Industrial Development Organisations (UNIDO) aiming at improving productivity and quality of textiles and RMG products to make the Textiles and RMG sector competitive in the global and domestic markets.
In his speech, the adviser said the garment sector of the country has now become an over 4.0 billion-dollar foreign-exchange-earner, enjoying the status of one of the largest garment and T-shirt exporters to the EU and also largest apparel exporter to the USA. "With WTO already installed and MFA being phased out from 2005, the manufacturers and exporters of RMG in Bangladesh are competing in a greater context in the global apparel market.
"Now the country has a very liberal investment climate. For instance, it takes just three days for a foreign investment registration and there is no discrimination between foreign and local private investors, hundred percent foreign investment as well as joint ventures with local partners are allowed," he added.
Considering the problems face by the textile sector he said: "Whatever might be the problems ahead of us, trends of our progress in this sector show that, a new generation of entrepreneurs has emerged and I profoundly believe that the present rate of development in the overall textile sector in the country will continue and the country will cross US dollar 5 billion before 2010 in exporting RMG".
A day long seminar on New Vision and Development of National Institute of Textile Training, Research and Design (NITTRAD): Presentation of Assessment Reports and Signing Ceremony of the Cooperation Agreement between NITTRAD and the Niederrhein University of Germany was held at a city hotel Thursday.
Adviser for the ministries for textiles and jute, local government, rural development and cooperatives and labour and employment Mohammed Anwarul Iqbal was present as the chief guest at the seminar.
The seminar was organised by Ministry of Textiles and Jute in cooperation with Bangladesh Quality Support Programme (BQSP) of European Union (EU) and United Nations Industrial Development Organisations (UNIDO) aiming at improving productivity and quality of textiles and RMG products to make the Textiles and RMG sector competitive in the global and domestic markets.
In his speech, the adviser said the garment sector of the country has now become an over 4.0 billion-dollar foreign-exchange-earner, enjoying the status of one of the largest garment and T-shirt exporters to the EU and also largest apparel exporter to the USA. "With WTO already installed and MFA being phased out from 2005, the manufacturers and exporters of RMG in Bangladesh are competing in a greater context in the global apparel market.
"Now the country has a very liberal investment climate. For instance, it takes just three days for a foreign investment registration and there is no discrimination between foreign and local private investors, hundred percent foreign investment as well as joint ventures with local partners are allowed," he added.
Considering the problems face by the textile sector he said: "Whatever might be the problems ahead of us, trends of our progress in this sector show that, a new generation of entrepreneurs has emerged and I profoundly believe that the present rate of development in the overall textile sector in the country will continue and the country will cross US dollar 5 billion before 2010 in exporting RMG".