Mohammad Ali Khokon, president of the Bangladesh Textile Mills Association (BTMA), claims that eight to ten economic zones are a minimum requirement for Bangladeshi textile entrepreneurs to establish facilities for the production of man-made fiber (MMF). According to him, BTMA seeks various benefits for investments made throughout the economic zone as soon as possible.
Recently, he was speaking to media representatives at the 17th Dhaka International Textile and Garment Machinery Exhibition (DTG) 2023.
To entice investors, the government is establishing approximately 100 special economic zones.
“The textile industry received investments worth $6,060.08 million and $4,148.14 million, respectively, in 2021 and 2022. We think there would have been more investment if we had adequate gas, electricity, and infrastructure facilities,” Media reports from Bangladesh cite Khokon as having said.
Although there are about 20 factories that use recycled fibers to make cotton from used clothing and textiles, the production at these facilities is in danger because used clothing and textiles are being exported or smuggled, the expert said. According to him, 50 mills are currently producing yarn from lyocell, flux, viscose staple, and polyester fiber.
He bemoaned the fact that not enough MMF was being used in the nation.
After a three-year hiatus due to the pandemic, the four-day 17th DTG event is set to be held from February 15 to 18 by the BTMA in collaboration with Yorkers Trade and Marketing Co Ltd, Hong Kong.