KNIT+TEX Bangladesh 2008 -Exhibition for Knitting industry

Bangladesh is the 3rd largest exporter of Knitwear to the EU after China and Turkey and exports over US$ 5 billion worth of knitwear. The "KNIT+TEX Bangladesh 2008 International Expo”  is placed in a perfect timing where total investments in the sector crosses US$ 2 billion, hence this show will be a unique opportunity to further promote the industry in Bangladesh. The show will be held during 28th to 30th November 2008 at Bangladesh – China Friendship Conference Centre, Dhaka.

`Knit+Tex Bangladesh 2008’ will be an arm of the successful `Textech’ series of exhibition organized in Bangladesh by CEMS USA. Knit+Tex will give a one-stop solution to the visitors and platform for the exhibitors to interact directly with the buyers / importers for a perfect buyer - seller meet and a strong under-one-roof market place for the entire Knitting industry of Bangladesh.

Bangladeshi knitwear is exported to over 90 countries of the world and this fiscal has a target of crossing the US$ 5.5 billion mark in its exports. Over the period of time knitwear sector became almost self sufficient in fabric and yarn, as this improvement become possible due to the integrated growth of spinning factories in line of the growth of country's stitching capacity.

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 million KG yarn. The total investment in the backward linkage industry is more than US$ 2.00 billion.