The four-day 15th Dhaka International Yarn and Fabric Show-2019 (Winter Edition) started on Wednesday at the International Convention City (ICCB) in the capital.
Commerce Minister Tipu Munshi inaugurated the event, organised by CEMS Global and the Sub-Council of Textile Industry (CCPIT TEX), China.
Federation of Bangladesh Chambers of Commerce and Industry President Md Shafiul Islam, Bangladesh Garment Manufacturers and Exporters Association President Md Siddiqur Rahman, Bangladesh Knitwear Manufacturers and Exporters Association first Vice-President Mansoor Ahmed, among others, were present, reports UNB.
Tipu Munshi lauded the private sector for coming forward to help Bangladesh be hunger and poverty-free. He said Bangladesh had already been recognised as a lower middle income country in the World Bank assessment.
"The per capita income is now $1,754. The contribution of the industrial sector to the national growth has been increasing. Considering purchasing power, Bangladesh is now the world's 32nd largest economy," he said.
Minister Tipu said 81.23 per cent of the total revenue came from the garments sector in the last fiscal year. "The government is working relentlessly to generate more than $50 billion revenue annually from this sector by 2021," he said.
A total of 370 international exhibitors from over 22 countries are presenting their up-to-date fabrics, which are ready-to-use for garment, accessories, industrial use and other various applications at the exhibition.
The expo is open for all from 10:30am to 7:30pm from January 23-26.
This year's expo is taking place along with two concurrent exhibitions titled 3rd Dhaka International Denim Show 2019 - Winter Edition, and 35th Dye and Chem Bangladesh 2019 International Expo - Winter Edition from January 23 to 26.
