A yarn and fabric show is being held in Bangladesh, February 15 to 18, 2017.
More than 180 exhibitors from six countries including China, India, Sri Lanka, Singapore, Malaysia, and the host Bangladesh are taking part in the show to display state-of-art fabrics, garment accessories, fleece, fancy finishings, different types of yarn, weaving ribbons, denim, knitted fabrics, artificial leather, embroidery, snap fasteners, shoulder paddings, interlining, buttons, zippers, linen blends etc.
There are seven garment factories in Bangladesh that are placed in the top ten environmentally-compliant readymade garment factories around the world.
The country has a target of reaching 50 billion dollars in textile exports by 2021Currently Bangladesh imports viscose worth billions a year which can be easily saved by producing the product from its own raw materials. Production of viscose fiber has proved more profitable than production of readymade garments. Bangladesh has made a deal with China for building a plant to make viscose fiber from jute using Chinese technology and finance.
Chinese investment in Bangladesh has increased by 30 per cent in the last couple of years due to attractive schemes. China is the top exporter of apparel products in the world while Bangladesh is in second place.