Home / Knowledge / News / Apparel/Garments / B'desh to set up new SEZs to boost garment sector
B'desh to set up new SEZs to boost garment sector
10
Feb '12
The Government of Bangladesh will establish new special economic zones (SEZs) in various parts of the country in its effort to promote industrialization, including the garment sector, in the country.

Inaugurating the ninth Dhaka International Textile and Garment Machinery Exhibition (DTG 2012), Finance Minister AMA Muhith said, there are three SEZs already operational in the country, and four new SEZs will be established within the next few months.

The Minister said the Government will ensure that the new SEZs have all facilities like communication, energy and transport. He added that the Government will also help investors in acquiring land at the SEZs.

Textile machinery producers from Canada, India, Germany, Pakistan, Turkey, the US and the UK are participating in the four-day DTG 2012 expo, which is being jointly organized by the Bangladesh Textiles Mills Association (BTMA) and Yorkers Trade and Marketing Services Company Ltd.

In all, exhibitors from 31 countries are participating in the expo, which provides a good opportunity to Bangladeshi entrepreneurs to interact with foreign participants and collaborate with them to upgrade their technology and machinery.

Mr. Muhith stressed on the need for greater understanding among various textile and garment associations in the country, including BTMA, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Mr. AK Azad, President of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), said several entrepreneurs from countries like Japan, Germany and Turkey have expressed their keenness to invest and relocate their industries to Bangladesh.

He mentioned that a great amount of foreign investment will flow into Bangladesh, if the Government provides required support.

Mr. Jahangir Alamin, President of BTMA, said, the primary textile sector (PTS) of Bangladesh provides a strong backward linkage for the country's export-oriented readymade garment (RMG) industry.

He added that the domestic textile mills have the capacity to meet 85-90 percent of the total knit yarn needs and 35-40 percent of overall woven fabric requirement of RMG exporters.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search