Knit+tex Bangladesh 2008 International Expo

A comprehensive international exhibition for the Knitting Industry of Bangladesh is being organized during 27 to 29 November 2008 at Bangladesh – China Friendship Conference Centre, Dhaka – Bangladesh.

Bangladesh is the 3rd largest exporter of Knitwear to the EU with China and Turkey and exports over US$ 5 billion.  With the ever growing exports of Knitwear of Bangladesh reaching new heights, the "KNIT+TEX Bangladesh 2008 International Expo”  is being held at a time when total investments in this sector cross the  US$ 2 billion mark.

Bangladeshi knitwear is exported to over 90 countries of the world and is now the third leading exporter of Knitwear to the EU countries after China and Turkey and is gaining momentum due to its self-sufficiency and competitive workforce and strengthening backward linkages.

Over the period of time knitwear sector gradually became almost self sufficient in fabric and yarn. This improvement has become possible because of the integrated growth of spinning factories in line of the growth of country's stitching capacity and increased need of the yarn and fabric. As the export increased in the knitwear sector, the capacity of backward linkage also gradually increased accordingly.

The result is local suppliers can provide 90% of the total fabric requirement of the sector. The growth of spinning mills also stepped with the growth of knitwear exports. In 1993-94 total number of spindles was 1.38 million that supplied 10.70 million KG yarn. In 2003-04 the number almost tripled and it became 3.77 million that supplies 239.00 million KG yarn. As of now the total investment in the backward linkage industry is more than US$ 2.00 billion. The Bangladesh Knitwear export industry is growing at over 15%  per annum.