'Techtextil' fair opens door to $200b technical textile mkt
Monday, 27 June 2022
The participation of Bangladeshi companies in 'Techtextil 2022' for the first time has opened the door to export high-value technical textile products in the US$200 billion global technical textile market, reports BSS.
Techtextil and Heimtextil fairs were held from June 21 to 24 in Frankfurt, Germany, said a press release.
Bangladesh participates in the Heimtextil fair every year but this is the first time that Bangladesh participated in the Techtextile fair.
A total of eight Bangladeshi companies participated in the two fairs, four companies in each, this year.
In collaboration with the Export Promotion Bureau (EPB) and under the supervision of the Commercial Wing of the Bangladesh Embassy in Berlin, the companies participated in the fair.
The participating companies at 'Techtextil' are Urmi Group, TRZ Garments Industry Limited, Snowtex Outerwear Limited, and Khantex Fashions Limited.
On the other hand, Apex Weaving and Finishing Mills Limited, Debonair Padding and Quilting Solution Limited, Nice Composite Textile Limited, and Anzir Terry Towels Limited participated in the Heimtextil fair.
An official press conference was organised on the occasion on June 22.
BGMEA Vice President Shahidullah Azim and representatives of all the participating companies were present at the press conference.
Commercial Counselor of Bangladesh Embassy Berlin Saiful Islam moderated the press conference.
Talking to BSS, Saiful Islam said BGMEA comprised its member factories which are specialised in technical textiles production. They exhibited and presented Bangladesh at such an international expo, he also said.
"It will play a significant role in increasing export and product diversification. 70 percent of our export garment products are shirts, trousers, jackets, t-shirts and sweaters. We have to export high value products. The market size of technical textile products is $200 billion. We participated in 'Techtextil' to increase our export of technical textile products," he added.