Dhaka, Jan 23 (UNB) – The four-day 15th Dhaka International Yarn & Fabric Show-2019 (Winter Edition) started on Wednesday at the International Convention City (ICCB) in the capital.
Commerce Minister Tipu Munshi inaugurated the event organised by CEMS Global and the Sub-Council of Textile Industry (CCPIT TEX), China.
Federation of Bangladesh Chambers of Commerce and Industry President Md Shafiul Islam, Bangladesh Garment Manufacturers and Exporters Association President Md Siddiqur Rahman, Bangladesh Knitwear Manufacturers and Exporters Association first Vice-President Mansoor Ahmed, among others, were present.
Tipu Munshi lauded the private sector for coming forward to help Bangladesh be hunger and poverty-free. He said Bangladesh had already been recognised as a lower middle income country in the World Bank assessment.
“The per capita income is now $1,754. The contribution of the industrial sector to the national growth has been increasing. Considering purchasing power, Bangladesh is now the world's 32nd largest economy,” he said.
Minister Tipu said 81.23% of the total revenue came from the garments sector in the last fiscal year. “The government is working relentlessly to generate more than $50 billion revenue annually from this sector by 2021,” he said.
A total of 370 international exhibitors from over 22 countries are presenting their up-to-date fabrics, which are ready-to-use for garment, accessories, industrial use and other various applications at the exhibition.
The expo is open for all from 10:30am to 7:30pm from January 23-26.
This year’s expo is taking place along with two concurrent exhibitions titled 3rd Dhaka International Denim Show 2019 – Winter Edition, and 35th Dye and Chem Bangladesh 2019 International Expo - Winter Edition from January 23 to 26.
Dhaka, Jan 21 (UNB) – After national flag carrier Biman Bangladesh Airlines, Novoair has been included in the world’s safe airlines list, the first by any private airlines of Bangladesh making its way into it.
Quoting airlineratings.com, Australia-based International Aviation Safety Rating Agency, Novoair on Monday said it received three-star ratings for ensuring passengers' safe travel.
Biman, from the same rating agency, achieved five stars out of seven in terms of air safety as it has been able to meet most of the major parameters regarding safety concern.
The rating agency prepared the safety ratings following data analysis of 405 airlines authorities’ with 12 categories.
The airlines said it is also the only private sector airlines from Bangladesh which has both European safety agency-EASA and Federal Aviation Authority (FAA) of USA endorsement.
In a statement, Novoair said it has always given priority to its customers’ safety, security, comfort and on time departure.
“By ensuring Safety and on time service, Novoair has earned trust and satisfaction of its passenger and become the Airline of choice in Bangladesh,” it reads.
Currently, Novoair operates daily flights from Dhaka to Chattogram, Cox's Bazar, Jashore, Sylhet, Saidpur, Barishal, Rajshahi and Kolkata with six ATR 72-500 aircraft.
Dhaka, Jan 21 (UNB)- Islami Bank Bngladesh Limited (IBBL) inaugurated its new branch at Kashipur area of Madhabdi upazila in Narsingdi district on Sunday.
Md Mosharraf Hossain Pradhan, Mayor of Madhabdi Municipality inaugurated the branch as chief guest.
Abu Reza Md Yeahia, Deputy Managing Director of the Bank addressed the program as chief discussant.
Presided over by Mohammod Ullah, Executive Vice President and Head of Dhaka East Zone, Md Golam Mostafa, Vice President and Head of Madhabdi Branch addressed welcome speech on the occasion.
Md Moniruzzaman Bhuiyan and Chandan Kumar Saha, business persons, Jashim Uddin Bhuiyan, President of Madhabdi Press Club, Noor Mohammad, former chairman of Kathalia Union Parishad addressed the program.
Dhaka, Jan 20 (UNB) - A five-member delegation representing Bangladesh business sector led by FBCCI Senior Vice President Sheikh F. Fahim attended this year’s ‘Vibrant Gujarat Global Summit 2019’, a highly successful annual showcase meant chiefly to attract investment to the prosperous North Indian state.
Organized by the Gujarat Provincial Government, the three day summit concluded on January 20, 2019. Indian Prime Narendra Modi, who initiated the Vibrant Gujarat series during his 13-year stint as the state’s chief minister, returned to inaugurate this year’s summit on Friday.
Prime Ministers from five countries and cabinet members from 15 different countries took part in the inaugural ceremony. Some 20 national chambers of commerce, spanning countries from Saarc, Asean, EU, Australia and Africa sent delegations.
Sheikh Fahim made a presentation on ‘Political -Economic Development of Bangladesh 2009-2018 and Vision 2041 of FBCCI’ during a session on the third day.
Fahim, managing director of Obsidian Bangladesh Ltd, also highlighted the significant transformation of Bangladesh into a technology and knowledge based economy with over 7.68% GDP growth.
The FBCCI leader also briefed about the private sector’s role in the fast growing development process of Bangladesh. Plus of course, the FBCCI’s Vision 2041was held up as well.
Dhaka, Jan 20 (UNB) - The International Plastic Fair (IPF) 2019 ended here on Sunday with a call to provide more support for the promotion of use and export of plastic goods.
“Currently, we have only 0.06 percent share in the global plastic market. We can take it upto 3 percent if we can get policy support from the government,” said Jashim Uddin, president of Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA), while addressing the concluding function at Radisson Hotel in the city.
Commerce Minister Tipu Munshi, who was the chief guest at the concluding session, assured the industry owners of providing all necessary support to boost the export of the sector.
He said plastic can be an alternative to wood and help reduce deforestation.
The BPGMEA organised the four-day IPF at the International Convention City, Bashundhara which began on Thursday. Companies from over 19 countries participated in the expo to showcase the local and international plastic products.
BPGMEA officials claimed that the annual expo attracted a huge number of visitors from home and abroad.
Responding to a demand of the manufacturers and exports, the Commerce Minister said his ministry will discuss the issue of providing cash incentives to plastic goods exporters.
He, however, urged the plastic goods manufacturers to make more efforts to use recycled plastics in their manufacturing process. "We need to recycle used plastic to avoid environmental hazards. It’s also necessary to start a process to collect plastic products," he said.
Tipu Munshi said CIP status will be given to plastic business leaders. “The government will allocate a fund of Tk 10 crore to set up an institute for education on the plastic industry.”
Over the last two decades, the plastic industry has become an important industrial sector in Bangladesh, said Jashim Uddin.
The growth of the plastic industry has a multiplying effect on numerous important sectors of the economy while the government has also given priority to this sector.
“IPF, the only and most professional exhibition, is now one of the biggest events among the South East Asian nations,” he said, adding that the expo helps increase plastic sector investment, market size and exports nationally and globally.
It also increases plastic use, the BPGMEA President said. “We hope in the near future, this sector will contribute much to the national exchequer through its outstanding performances.”