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Bangladesh Denim Expo on May 11Wednesday, May 06, 2015 > 09:06:42
(The Financial Express)
A two-day "Bangladesh Denim Expo" will be held in the capital on May 11-12 to showcase Bangladesh's potential in the denim industry globally as well as to share knowledge with international denim producers and buyers.
Commerce Minister Tofail Ahmed will inaugurate the exposition on May 11 while State Minister for Foreign Affairs Shahriar Alam will conclude the exposition the next day at the Radisson Blu Water Garden Hotel, BSS reported.
The display aims not only to promote denim trade in Bangladesh but also to encourage greater business practice to raise the living standard of the people in this country, said Mostafiz Uddin, chief initiator of the expo and managing director of Denim Expert Ltd.
"Our primary purpose is to create a platform for Denim stakeholders and to make Bangladesh as one Stop Sourcing Platform for denim industry, which could bring benefits to the entrepreneurs. Any surplus fund from the expo will be donated to a seed fund for establishing a Denim University in Bangladesh," he said.
Twenty-five exclusive denim and jeans related manufacturers and enterprises from the USA, Spain, Japan, India, Pakistan, Thailand, Turkey, China, San Marino and host Bangladesh will take part in the exposition while the organizers are expecting good turnout of apparel entrepreneurs, businessmen, fashion professionals and stakeholders of the industry from Europe, USA, UK during the expo.
A total of four seminars including a special one with titled "Made in Bangladesh a new Reality-vision 2021" jointly organized with Bangladesh Garment Manufacturers & Exporters Association (BGMEA) and Bangladesh Denim Expo will be held in the side line of the exposition.
The discussion in the seminar will focus towards devising a strategic action plan to overcome the existing challenges with a vision to increase Bangladesh's share to $7 billion in the global denim market by 2021.
According to the industry insiders, Bangladesh is the second largest denim exporter in European markets while it is holding the third largest position in the USA market. Around 400 factories are exporting nearly 180 million pieces of denim jeans to the world.
Bangladesh presently has 25 denim producing factories with total investment of over $834 million. After performing the forthcoming May show, Bangladesh Denim Expo will showcase there Next Exhibition on November 11-12 this year.