Four-day Dhaka International Textile and Garment Machinery Exhibition started on Thursday at the International Convention City Bashundhara in the capital Dhaka in an aim to provide a comprehensive solution for the entire textile and garment manufacturing chain.
Over 1,100 globally renowned brands from 33 countries and regions are exhibiting equipment, materials and accessories essential for various stages of the textile and garment industrial chains, including spinning, weaving, knitting, dyeing, printing, finishing and garment manufacturing segments, in 1,600 booths.Private industry and investment adviser to the prime minister Salman F Rahman inaugurated the 18th edition of the exhibition as chief guest.
Bangladesh Textile Mills Association, Chan Chao International Company Limited and Yorkers Trade and Marketing Services Company Limited jointly organised the exhibition.
At the opening ceremony of the exhibition, Salman F Rahman said that it was presumed earlier that 2024 would be a challenging year for the businesses of the country due to global reasons.He said that inflation and interest rate in the US and other major export destinations increased due to the ongoing global economic turmoil which affected Bangladesh’s export sectors.
BTMA president Mohammad Ali Khokon urged the government to take appropriate action to address energy and dollar crises for the greater interest of the country and the economy as a whole.
He said that the government increased the price of gas by 178 per cent in 2023 with a promise to ensure uninterrupted supply but the authority did not fulfill its promise.
The BTMA president also urged the government to take stern actions against loan defaulters, terming them as dacoits.
Citing the huge amount of non-performing loans in the banking sector, Khokon said that these loans were not NPLs, these were clearly loots.
The looters are never entrepreneurs as real entrepreneurs are suffering for their activities, he said.
Khokon also demanded re-thinking recent initiative of the government of lowering cash incentives for the export sector considering the global scenario……Read More…