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.
