Bangladesh's garment machinery market now worth over 4bn dollar
Bangladesh's textile and garment machinery market is now worth more than 4bn US dollar as the sector has registered a 20% year-on-year growth.
At the Dhaka International Textile and Garment Machinery Exhibition, the biggest machinery expo in South Asia, international machinery manufacturers said that Bangladesh is now one of the most important hotspots for the sector as work orders are shifting from other countries to this country.
Judy Wang, executive director (overseas) of Chan Chao International, said some 1200 companies from 35 countries have been participating in the four-day event.
Akai Lin, overseas director of Chan Chao International Co, the organiser of the exhibition, said when his company held the first machinery expo in Dhaka in 2004, Bangladesh was the fourth largest apparel supplier worldwide and now the country is the second largest garment exporter, which indicates the strength of the sector.
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