The 16th Dhaka International Textile and Garment Machinery Exhibition (DTG) will be held from today at Dhaka’s Bangabandhu International Conference Centre (BICC). The Bangladesh Textile Mills Association (BTMA), along with Hong Kong’s Yorkers Trade and Marketing Service Company Ltd, are jointly organising the largest expo of textile and garment industry machinery in Bangladesh.
Planning Minister MA Mannan is expected to inaugurate the four-day event, to be held from January 9-12, said BTMA President Mohammad Ali Khokan, while addressing a press conference at the BTMA office. Mohammad Ali said the local textile market was deteriorating previously due to misuse of bond benefits for textile materials including foreign yarns and other fabrics.
But despite the setback, he said in his speech that out of $36.67 billion export of RMG and textile products from Bangladesh in the previous fiscal year, $30.61 billion, or 83.47 per cent of that amount, came from the local textile sector. “Over Tk70,000 crore has been invested in this sector, a record-high for a private sector industry,†he added.