Garment | Global Textiles | Import/Export | Textile Articles

Textile- Garment Machinery Market Grows By 20% Annually In Bangladesh

Published: February 17, 2023
Author: DIGITAL MEDIA EXECUTIVE

The sale of textile and apparel machinery, now valued at over $4 billion in Bangladesh, is increasing by 20% yearly. According to recent information from the 17th Dhaka International Textile & Garment Machinery Exhibition 2023, the nation has now established itself as a major hub for such machinery as a result of the high demand from business owners to increase productivity and accept apparel orders shifting from other countries.

While feeling that the current demand for clothing is a little low due to the Russia-Ukraine war, representatives of numerous European garment-textile machinery firms with operations in Bangladesh were confident about the market potential of the nation.

It was discovered that several business owners in Bangladesh had made online reservations for equipment even throughout the outbreak.

The need for equipment constructed of man-made fibres (MMF) is rising in According to Bangladeshi media sources, businesspeople in the nation are heavily investing in the MMF textile sector in an effort to capture a larger portion of the worldwide market.

Related Posts

Razorpay Partners with Truecaller To Revolutionize Online Shopping With Instant Checkout Verification Solution

LUCK WINNERS OF FLY ME TO YAS COMPETITION HEAD TO YAS ISLAND FOR A SENSATIONAL HOLIDAY EXPERIENCE WITH RANVEER SINGH

Post-Budget Reaction of Mr. Nikhil Agarwal, President-CJ Darcl Logistics