Import of capital machinery for textile industries in the financial year 2014-15 grew by 40.60 per cent to Tk 7,119 crore from Tk 5,063 crore in the financial year 2013-14, according to statistics provided by Bangladesh Textile Mills Association. At a press conference on Tuesday, the BTMA leaders said that investment in the textile sector increased in the FY15 due to political stability and if the situation continued there was a strong possibility for the sector to witness a strong growth in investment in the coming days. The press conference on ‘The 13th Dhaka International Textile and Garment Machinery Exhibition’ was held at the BTMA headquarters in the capital. BTMA president Tapan Chowdhury said that to secure sustainable business development in the world market it is imperative for Bangladesh’s textile industry to upgrade its machinery and equipment to effectively meet market challenges. He said that with an aim to create an effective network between textile mills owners and machinery exporters, the four-day textile and garment machinery exhibition is going to start from January 28 at Bangabandhu International Conference Centre in the city. Tapan expressed concern over the shortage of gas and quality electricity and at the same time hoped to develop the sector in coming days, saying that the entrepreneurs of Bangladesh have become used to grow under all circumstances. The event is being jointly organised by BTMA, Chan Chao Int’l Co Ltd, and Yorkers Trade and Marketing. During the four-day-event, more than 1,160 booths with 1,000 world class leading brands from 33 countries will display a wide variety of state-of-the-art textiles and garments technologies, machinery and parts. The state minister for textiles and jute Mirza Azam is expected to inaugurate the Exhibition.
