The Dhaka International Trade Fair (DITF-2019) 2019 concluded with 17 percent jump in export orders from the previous year.
This year businesspeople bagged Tk 200 crore in spot orders for export while the last year’s figure was Tk 165.96 crore.
Commerce Minister Tipu Munshi made the disclosure while addressing the closing ceremony of the country’s biggest international trade fair on the fair premises on Saturday.
This year’s trade fair has been very successful for combined efforts from the government and participant private companies. Revenue earning from the fair was very satisfactory, he added.
Tipu Munshi said there is no alternative to boosting the country’s exports for moving forward the country. “Our export business still now depends heavily on the RMG sector, but there are more promising and potential export sectors in the country. We’ll have to give our attention there”.
He also underscored the need for infusing dynamism into some promising sectors like pharmaceuticals, furniture, leather, ICT, agricultural products, and ship building.
Mentioning that the government of Sheikh Hasina has been working tirelessly to boost the export trade to earn more foreign currency, Tipu said that DITF mainly witnesses huge buying and selling of various products.
“But, still it has been able to fetch over Tk 200 crore export orders. If there is a separate export fair in place, then it would be possible to get more export orders,” he added.
The commerce minister also informed that a permanent exhibition centre is being established at Purbachal where various types of fairs and exhibitions would be held round the year.
“Country’s population is growing day by day and the DITF is being held every year on some 36 acres of land. We’ll have to think for much bigger place in the future in this regard. Our Prime Minister Sheikh Hasina has been working relentlessly to build ‘Sonar Bangla’ as dreamt by Father of the Nation Bangabandhu Sheikh Mujibur Rahman,” he added.
Munshi reiterated that the DITF will continue at the same place as Purbachal is short of bigger space to accommodate ever-increasing visitors.
“The way number of visitors and buyers are increasing with each passing year, it would be very tough to organise the fair even at the exiting place after ten years or more. So we should look for alternative to this one as well.”
Chairman of the Parliamentary Standing Committee on the Ministry of Commerce Tofail Ahmed, Acting Secretary of the Ministry of Commerce SM Rejoan Hossain and Vice-chairman of the Export Promotion Bureau Vijay Bhattacharya were also present on the occasion.
Tofail said Bangabandhu had awarded the nation independence and her worthy daughter Sheikh Hasina has been working with utmost success for the economic emancipation of the country.
“Bangladesh is now moving ahead speedily and it is now well ahead of Pakistan in all fields, even ahead of India in some fields. We’ll have to work together for ensuring the economic emancipation of the country,” he added.
Tofail said business is the main driving force of the economy, and the present government has ensured a business-friendly environment in the country.
Highlighting various development activities of the government, the minister said the country’s export earning started with $348 million after independence and we earned $36.67 billion in the last fiscal.
“We have set $39 billion export target for this fiscal,” he added.
Bangladesh’s total export will cross the $60-billion mark by the end of 2021, when the nation will celebrate its 50th year of Independence, he said.
A total of 42 institutions were awarded in 13 categories. Walton Hi-Tech Industries Limited bagged the first prize in the premier pavilion category while Akij Ceramics and Akhter Furnishers secured second and third positions respectively.
Hatil Complex was rewarded the 1st prize as the Highest VAT Payer, followed by Walton Hi-Tech Industries Limited and Esquire Electronics Limited.
The 24th edition of the trade fair, that began on January 9, 2019, has put on display a wide variety and range of products, both local and global, to woo local and foreign buyers and customers.
Hundreds of local and foreign companies participated in the fair organised by EPB with intent to woo foreign buyers of domestic items.
Like every year, stalls of food items, kitchen utensils, electronic appliances, ladies clothes and cosmetics experienced the largest portion of crowd, while children were found enjoying rides in the children park section.
A total of 605 stalls and pavilions including 110 premium pavilions, 83 premium mini pavilions and 412 stalls with restaurants were set up at the fair venue.
Different organisations from India, Bhutan, Pakistan, China, the United States, the United Kingdom, Nepal, Australia, Germany, Hong Kong, Thailand, Vietnam, the Maldives, Mauritius, Russia, Iran and Swaziland participated in the fair.
Apart from the business stalls, amusement park for children, mother and child center, separate booths and security service rooms for male and female, fire service station, blood donation center, complaint centre of the Consumer Rights Protection, power grid sub-station, generation station and space for car parking were arranged inside the fair compound.