Four international trade shows on garment machinery and allied products has started in the capital. Hon’ble Commerce Minister Tipu Munshi inaugurated the expo as a chief guest at International Convention City, Bashundhara, Dhaka, today 11 January (Wednesday).
Four shows spread over 11 halls with over 250 exhibitors in 650 stalls offering complete sourcing solutions for the RMG sector.
During the event, Hon’ble Commerce Minister Tipu Munshi said-
These four exhibitions to be held over four days from 11-14 January will be open to all from 10 am to 7 pm every day. These tradeshows are- the 20th edition of GTB 2023 – Garment Technology Show Bangladesh 2023, the 12th edition of GAPExpo 2023 – International Garment Accessories & Packaging Expo jointly organised with Bangladesh Garment Accessories Packaging Manufacturers & Exporters Association, the Maiden edition ITTF Bangladesh 2023 – India Textile Trade Fair Bangladesh 2023 jointly organised with South Gujarat Chamber of Commerce & Industry (SGCCI) concurrent with International Yarn & Fabrics Expo are being held under one platform catering to the sourcing needs of RMG sector.
Multiple International Trade Shows focused on Garment Machinery, Yarn & Fabrics, and Garment Accessories & Packaging aiding the sourcing needs of the Bangladesh RMG sector.
For the past 20 years, GTB 2023 has been bringing the Global Technology Players under one roof showcasing cutting-edge Sewing, Finishing, Embroidery machinery and spares & Allied Products, thus making it a preferred choice of RMG makers to visit and source their needs. Now rechristened as GTB 2023 – Garment Technology Bangladesh 2023 will be visited by decision-makers, technical heads and the sourcing team and the trade from across the country to source Technology, Machinery, Allied Products & Spares.
“GTB began its journey when the RMG Exports was $1.8 Billion and has been the technology platform for the RMG makers, aiding the sector in its growth over the years” informed Tipu Sultan Bhuiyan, Managing Director of ASK Trade & Exhibitions Pvt Ltd, organisers of the event. “As the RMG sector in the country is looking for opportunities in the value-added garments and moving up the value chain through product diversification and new market penetration, the 20th edition of GTB 2023 will showcase cutting-edge technology for the sector to modernise and upgrade and serve our objective of bringing global technology closer to the doorsteps of the local industry.” Said Tipu Sultan.
The 12th edition of GAP Expo 2023 is the Largest & Comprehensive Garments Accessories & Packaging Exposition in Bangladesh. they are showcasing products, machinery & raw materials.
Bangladesh Garments Accessories & Packaging Manufacturers & Exporters Association (BGAPMEA) represents about 1800+ Garments Accessories & Packaging firms in the country. The Garments Accessories & Packaging Industry is a backward linkage industry for the RMG sector, employing more than 500,000 people.
“I extend greetings to RMG exporters, other related exporters & buying houses who will be visiting the show to witness the latest innovations & latest collection of our members and let us all work for the progress of our sector,” said Mohammad Moazzem Hossain Mati – President BGAPMEA
The maiden edition of ITTF Bangladesh 2023, India Textile Trade Fair Bangladesh 2023 is being organised jointly with the South Gujarat Chamber of Commerce and Industry (SGCCI) will have on display a wide variety of Yarn, Fabrics, dress materials with various blends, Bridal wear, Laces, Zari Materials, and Accessories meant for the Garment Manufacturers & Exporters including the Boutiques and domestic brands along with embroidered and sportswear meant for the domestic market by leading manufacturers from India providing an excellent sourcing opportunity.
Exhibit Profile at ITTF Bangladesh 2023
Fabrics: Man-made, Synthetic, Natural and Blended fibres in Woven and Knits for men’s, women’s and kid’s wear. Fine Yarn-dyed Shirting, Wool, Polyester-Wool and Polyester Viscose Suiting, Pure and blended Linen, Denims, Cotton twills and drills etc., Fine high-end Silks, Silk Cotton, Rayon, Polyester, Nylon, Polyester Net Fabrics, Fancy Jacquard Fabrics, Embroidered Fabrics, zari Fabrics, Fabrics for Ethnic Garments, Digital Printed Fabrics, Foil Printed Fabrics, Screen Printed Fabrics, Muslin, ModdChander, Snatoon, Updada Cotton Silk.
Dress Materials: In Prints & Solids, Embroidered, Denim, Cotton Twills & Drills, Dyed work sarees, Printed sarees, Fancy fabrics, Lehengas, Plain Sarees, Handwork Sarees.
Garments: Ethnic & Sportswear, Embroidered Garments, Kurthi 3 piece with Duppatta
Trims & Embellishments: Fancy Lace, Zari Lace, Trimmings, Braids, Latkan Laces Elastic Tapes, Covered Rubber Elastic Thread, Shoe Elastic Tapes, Jacquard Elastic Tapes, Polyester Rigio Tapes, Gym Wrist Support, Surgical Elastic Tapes. Rubber Thread, Narrow Fabrics.
In the fiscal year 2021-22, Bangladesh crossed the milestone of $50 billion in exports for the first time. Bangladesh’s exports increased by 35.47 percent in one fiscal year. From July 2021 to June 2022, Bangladesh exported goods worth $52.08 billion in a total of 12 months, of which $42.61 billion was from ready-made garments, which accounted for 81.81 percent of total exports in the just-ended fiscal year. In the previous fiscal year, apparel exports were worth $31.45 billion.
The main reason for the success of the RMG sector in Bangladesh in the last financial year was the diversification of export destinations. Bangladesh’s RMG industry is present in 11 countries with billion-dollar exports. Out of the 11 countries in Bangladesh’s billion-dollar export list, seven are EU countries.
Woven and knitted apparel, clothing accessories and home textile exports together accounted for 85.36 percent of Bangladesh’s total exports of $16.853 billion from July-October 2022.
RMG exports from Bangladesh witnessed an increase of 35.47 percent to $42.613 billion in fiscal 2021-22 compared to exports of $31.456 billion in fiscal 2020-21. Bangladesh had achieved an all-time high in terms of the value of RMG exports in 2021-22. The total exports also breached the target of $43.500 billion with a 19.73 percent rise during the period.