With an aim to fetch $7bn from export of denim products annually for contributing to raise overall RMG export to $50 billion per annum by the year 2021, the ‘Second Bangladesh Denim Expo’ will be kicked off in the capital on May 11. A total of 25 renowned local and foreign companies from Bangladesh, the US, Germany, China, Japan, India, Italy, Thailand, Turkey, Hong Kong and Pakistan will participate in the two-day expo and showcase fabrics, finishes, washes, accessories, technology used in denim manufacturing. Bangladesh exported denim and denim related products worth $3.5 billion in the last fiscal year. While talking to daily sun, Mostafiz Uddin, organiser of Bangladesh Denim Expo and managing director of Denim Expert Ltd, said, “The share of Bangladesh in global denim industry is still insignificant though we have ample scope to grow.” ‘To make our denim export double by 2021, branding of our products and ability are very important. The event is being organised to make the country’s denim products familiar to international stakeholders,’ Mostafiz added. The expo, which is going to be held for the second time, will play a vital role to showcase denim products to all, organisers of the event hoped. The major companies from Bangladesh includes: Yogotex Fabric Company Limited, Argon Denims Ltd, Mahmud Denims Limited, Denim Expert Ltd, Zaber and Zubair Fabrics Ltd, Nassa Taipei Denims Ltd, South China Bleaching and Dying Fty Ltd, Shasha Denims Ltd and Amber Denims Ltd. The foreign companies including American & Efird (Bangladesh) of the USA, Paddock Jeans Ltd, Germany, Juki Bangladesh and YKK Bangladesh Pte Ltd, Japan, Garmon Group, Italy, Foshan Shunde Benjie Textile Co. Ltd, China, Epic Group, Hong Kong, Denimco Tekstile Pazarlama AS, Turkey, Absolute Denim Co. Ltd, Thailand, Malwa Industries Ltd, India, Kassim Denim, Kohinoor Mills Ltd, Rajby Textiles and Azgard Nine Limited, Pakistan are also in the queue to participate in the event. The expo organisers said though many companies from home and abroad are interested to take part at the event, very selective international stakeholders were allowed. Rishi Oswal, Managing Director of Malwa Industries Ltd, an Indian denim garment manufacturing company, while talking to daily sun over phone, said, ‘My company is going to participate at the event considering two reasons: customer exposure and perceiving the trends of competition.’ Conveying thanks to the organiser Mostafiz Uddin for arranging such event, Rishi said world denim industry is growing rapidly and he expects local and international stakeholders participating in the event will enjoy a good business. ‘Bangladesh Denim Expo is a timely initiative and denim manufacturers of Bangladesh will be greatly benefited from the expo,” Rishi Oswal added. Anwar-ul-Alam Chowdhury Parvez, Managing Director of Argon Denims, said it is a good chance for his company to display denim products for national and international stakeholders. While asked about the target of $7 billion, he said Bangladesh Denim industry should have been grown up with its utmost capacity to click into the international market.
Source: https://www.daily-sun.com/print/business/2015/04/08/497025
