Sales of Textiles Machinery Rises in Bangladesh
The Global recession is thankfully over, spelling an influx of orders to Bangladesh and with it follows rising sales of textile and apparel machinery.
Bangladesh has for long been an important market for textile machinery due to its stronghold in the international market. As it caters largely for the low end of the market, it was largely unaffected by the global recession and now with rising sales, the market for machinery has become even more lucrative.
Already there are a plethora of new factories, large and small are being built throughout the country, some under joint venture with other countries and as such the demand for textile and apparel machinery is increasing.
Many of the textile and apparel machinery manufacturers have opened their own offices in Bangladesh and others are looking frantically for good agents. An expansion in the RMG sector is very welcome and indicates a boom for these businesses.
