A two-day Bangladesh Denim Expo kicked off today in the capital expecting the country to fetch US$7 billion of the brand fabric’s global market share within 2021.
The expo is being at the Radisson Blu Water Garden Hotel to showcase Bangladesh’s growth potential in the denim industry globally and share the local producers’ knowledge with international denim manufacturers and buyers.
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 are taking part in the exposition.
Commerce Minister Tofail Ahmed, MP inaugurated the expo as the chief guest while Head of European Commission Delegation and Ambassador to Bangladesh Pierre Mayaudon, High Commissioner of Canada to Bangladesh Benoit-Pierre Laramee, Ambassador of the Netherlands to Bangladesh Gerben Sjoerd de Jong,BGMEA President Atiqul Islam, President of Bangladesh Exporters Association Abdus salam murshedi and Managing Director of Denim Expert Ltd, Mostafiz Uddin spoke as the special guests. The Commerce Minister expressed his hope that the exposition will help opening of new trade avenues between local denim and jeans producers and international buyers.
“The show 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,” the key initiator of the expo Managing Director of Denim Expert Ltd, Mostafiz Uddin Mostafiz Uddin said.
He said the primary purpose of the exposition is to create a platform for Denim stakeholders and to make Bangladesh as one Stop Sourcing Platform for denim industry. “Any surplus fund from the expo will be donated to a seed fund for establishing a Denim University in Bangladesh,” he added.
A good numbers of turnout of apparel entrepreneurs, businessmen, fashion professionals and stakeholders of the industry from Europe, USA and UK also attended 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) & Bangladesh Denim Expo will be held on the sidelines 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 currently 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 11-12th this year.