Economic Reporter :
Bangladesh Textile Mills Association (BTMA) indicates on Monday that slower investment in primary textile sector for three reasons. Acting president of BTAM Mohammad Ali Khokon said in a press conference, ‘there is no crisis in politics last four years, but investment in primary textile sector is slower for Inadequate Gas, electricity and land.’
The 15th Dhaka International Textile and Garment Machinery Exhibition (DTG) will be held from 8 to 11 February 2018 at Bangabandhu International Convention Centre, Dhaka.
The press conference was organized on this occasion. BTMA and Yorkers Trade & Marketing Service Co. Hongkong jointly organize this exhibition. President of Trade & Marketing Service Company Judy Wang was present at the press conference.
Acting president of BTAM said we got to know, government’s plan to import LNG to overcome gas and electricity crisis. In this case, we demand that it should be execute quickly and price should be reasonable for investors. Otherwise the purpose will not succeed. If this plan implemented quickly, the local investors will be enthusiastic, there is no need for foreign investment in this sector.
‘The Government is building 110 Economic Zones in Bangladesh. We’ve applied to BEZA to allocate at least 8/10 EZ for textile sector’ said Mohammad Ali Khokon. He said, the 83.38% of export earnings comes from Textile and RMG sector. We fulfill the maximum demand of Knit sector of BD. But most of the fabric for oven sector is imported. This demand is possible to meet the country’s textile sector. But we do not have gas connections in the boiler that takes us to produce ovens. That is why the investment is not here.
Mohammad Ali Khokan said that the State Minister for Finance MA Mannan will inaugurate the exhibition at Bangabandhu International Conference Center at 12:30 pm on February 8.
