Sherpa Hossainy's Blog

RMG industries need more technology integration

Posted in Bangladesh, Business, Dhaka, Economy, Export and Import, RMG and textile, Technology by Sherpa Hossainy on July 30, 2011

Published in The Independent on 21 July 2011

Read the article on Independent website

Digital print version

Bangladesh has to shift to modern tech-based industries for making superior quality ready made garments to sustain its exports growth rate, the commerce minister said on Wednesday.

“We need to rev up our ready made garment (RMG) production, using high-end machinery to achieve exports target,” said Faruk Khan, minister for commerce.

Ready made garment exports target this fiscal year is set at $22 billion, while the sector earned $17 billion in the last fiscal. The total exports earnings target this fiscal is $27 billion, up from $23 billion in the previous one.

To maintain the high growth, RMG industries need to improve their product’s standard and manufacturing technology, he added.

Khan admitted that the nagging power and gas crisis is hampering the industries’ output, but expected that the problems will be over with the upcoming new electricity connections.

The minister was speaking at the inauguration ceremony of 12th Textech Bangladesh 2011 International Expo, organised by Conference and Exhibition Management Services Ltd (CEMS) USA in association with CEMS Bangladesh at Bangabandhu International Conference Centre in Dhaka.

The Textech expo showcasing latest textile garment technology and machinery will be held till 23 July. Nearly 450 exhibitors from over 16 countries are taking part in the exhibition.

The 9th Dye+Chem Bangladesh 2011 Expo, an international exhibition on dyes and speciality chemicals, and 5th Dhaka International Yarn and Fabric Show, an exhibition of overseas yarn and fabric, are also being held along with Textech.

The exhibition will be open for trade business visitors only everyday from 10:30am to 7:30pm, upon registration at the expo venue.

CEMS Global’s Textech, Dye+Chem and yarn/fabric exhibitions are an international series of exhibitions organised in Bangladesh, Indonesia, Singapore and Sri Lanka.

Md Harun Ur Rashid, president of Bangladesh Grey and Finished Fabrics Mills and Exporters Association, said that the exhibition gives industry owners opportunity to get acquainted with state-of-the-art manufacturing machinery.

“I bought $700,000 worth machinery last year and I’m planning to buy machinery worth $1 million this time. I can get machines here at 4 to 10 per cent cheaper rate,” Rashid said.

Faruque Hassan, vice president of Bangladesh Garment Manufacturers and Exporters Association, said that Bangladesh needs to produce high-end garments, fabric and yarn as the global demand for high-end products is rising.

He said the newly relaxed generalised system of preferences (GSP) rule from the European Union, Japan, Norway and Switzerland is a great opportunity for RMG sector to export more.

Prospective markets in Mexico, Brazil, Chile, Argentina and South Africa will also boost RMG exports in the future, Hassan added.

RMG sector marked a remarkable growth rate of 43 per cent this fiscal year and constitutes nearly 78.15 per cent of the total exports. Bangladesh is also the second largest importer of cotton yarn and fabric in the world.

Meherun N Islam, president and group managing director of CEMS Global USA and Asia Pacific, said, “These exhibitions assemble worldwide technology, machinery and material manufacturers and will help local manufacturers to appraise the latest available technology.”

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