Globally we are passing a very hard time which was not observed in our life time ever. More or less every industry is suffering. Textile industry is the main earning source of Bangladesh economy and large portion of our population is directly involved in this industry. Textile machineries business dropped as the industry was closed for a certain period and investors don’t have confidence for further investment and expansion. Textile Focus editor M A Islam Riyadh talked machinery and technology suppliers how they are working and future forecast. Here we are presenting feedback from Md. Khalid Ibne Ashraf, Director, Cottt-tex associates.
Md. Khalid Ibne Ashraf, Director, Cottt-tex associates
As textile machinery supplier we are largely affected like other industry during this pandemic situation caused by COVID-19. There are very few orders as the industry was shut down for a long time. But now we are hopeful as there are some orders area coming in the industry. The whole world is trying to start new normal life. Also there are some significant development of vaccine issue. We may see a good positive uptrend in the starting of 2021.
During this pandemic situation we are providing full technical support to our client over phone, online and for urgency our technical team visited to provide immediate support. We along with our clients are not facing any difficulties as all are maintaining the safety issues. We are hopeful that the coming days are very significant and there will good business. As we are dealing with world reputed companies, they are working on further development of technology and operation. Upcoming technologies are coming with more water, energy and workforce savings.
Bangladesh has a history of development in textile industry rather than competing countries. What we need to do now is sourcing market with diversified and value added products. We have the potentiality to grow further in this industry. It’s true that there is a big challenge as so many companies had to shut down. We will have to cover up the gap of business with proper strategy. We have good dealings with buyers as we has continuously providing the products in time with good quality and comparative price. Now we need proper strategy with smooth work plan to execute the upcoming orders and source new market globally.