Three-day knitwear expo in city from Dec 10
Sunday, 6 December 2009
FE Report
The country's garment export is suffering badly due to nagging gas crisis, which is hampering industrial production, knitwear-makers said Saturday.
"With the recent energy price hike and the prevailing energy shortage, production, proper operation and maintenance of machinery and equipment have become a tough task," Fazlul Hoque, president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) said at a press conference in the city.
The manufacturers are less confident of making big investments like buying new industrial machinery than ever before due to the prevailing energy shortages, he said.
Despite the impact of global recession and fall in export, investment in the knitwear sector is continuing, he added.
Bangladesh is the third largest knitwear exporter of the world after China and Turkey and is now able to gain the confidence of the investors.
With the ever increasing competition, the knitwear industry can expand its share in the world market and could attract more foreign investment in the country's highly potential sector, Hoque said.
He was formally announcing the three-day "2nd Knit+tex Bangladesh 2009 Expo" which will kick off on December 10 with a view to introducing the latest technology and machinery to the local businessmen.
A total of 76 companies from 15 countries including the host, Bangladesh, will participate in the fair showcasing a wide range of industrial machinery and equipment essential at various stages of knitwear manufacturing.
The expo will also provide a platform for business deals with foreign buyers and leading local manufacturers and exporters.
China, Canada, England, Germany, India, Japan, South Korea, Malaysia, Pakistan, Singapore, Taiwan, Italy, Iran and the USA will take part in the exposition.
The exposition jointly organised by BKMEA and Conference and Exhibition Management Service (CEMS) will be held at Bangabandhu International Conference Centre.
The country's garment export is suffering badly due to nagging gas crisis, which is hampering industrial production, knitwear-makers said Saturday.
"With the recent energy price hike and the prevailing energy shortage, production, proper operation and maintenance of machinery and equipment have become a tough task," Fazlul Hoque, president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) said at a press conference in the city.
The manufacturers are less confident of making big investments like buying new industrial machinery than ever before due to the prevailing energy shortages, he said.
Despite the impact of global recession and fall in export, investment in the knitwear sector is continuing, he added.
Bangladesh is the third largest knitwear exporter of the world after China and Turkey and is now able to gain the confidence of the investors.
With the ever increasing competition, the knitwear industry can expand its share in the world market and could attract more foreign investment in the country's highly potential sector, Hoque said.
He was formally announcing the three-day "2nd Knit+tex Bangladesh 2009 Expo" which will kick off on December 10 with a view to introducing the latest technology and machinery to the local businessmen.
A total of 76 companies from 15 countries including the host, Bangladesh, will participate in the fair showcasing a wide range of industrial machinery and equipment essential at various stages of knitwear manufacturing.
The expo will also provide a platform for business deals with foreign buyers and leading local manufacturers and exporters.
China, Canada, England, Germany, India, Japan, South Korea, Malaysia, Pakistan, Singapore, Taiwan, Italy, Iran and the USA will take part in the exposition.
The exposition jointly organised by BKMEA and Conference and Exhibition Management Service (CEMS) will be held at Bangabandhu International Conference Centre.