Apparel Online Bangladesh Magazine Magazine March 2018 | Page 20

EVENT Review Garmentech 2018 Bangladesh moving fast towards automation Garmentech ’18 saw great footfall of visitors T he four-day 17th edition of Garmentech Bangladesh 2018, witnessed technology providers from 24 countries from around the world descending at the Bashundhara International Convention Centre in Dhaka to showcase the latest in technology to the industry. A common thread that stood out quite strongly was the fact that 2018 has started on a very positive note with many investments expected to happen this year. Almost everyone agreed that last year was a stagnant year and business was not very exciting but the turnaround has begun and now the industry is surer of directions. The unanimous voice of the technology providers claimed that Bangladesh is now ready for full-blown automation. The exhibitors were kept happy as many bigwigs were seen at the fair, including the top bosses, like Mahmud Denim, Palmal Group, Islam Group, Utah Group, Rising, Univogue, Beximco, DBL Group, Indus Apparel, Pearl Group to name a few… Their search was for similar automation and value adding machines, value in terms of design and operational excellence. Many buying offices were also seen visiting the booths understanding new technology and many students from local institutes took the opportunity to have a feel of the industry that they would enter a few years later. AKM Faruque Ahamed (L), Chairman & MD, The Delta Group and Rupak Chakraborty (second from left), Director (Operations & Marketing), The Delta Quality Denims Ltd., engrossed in understanding the mechanism of shirt finishing machine at Ngai Shing booth In fact, the companies that did well in 2017 are those which offered innovative solutions to issues like rising labour cost. Euromac was among the few technology providers which openly admitted that the year gone by was a year of growth with the company doubling its capacities and ready for another spree of capacity expansion this year… All because of the rising demand for automation. Another trend that stood out was the increased number of companies offering European technologies that are more expensive than the Chinese counterparts, but are seen as assurance of reliability for long-term goals. Earlier, the stress was on mass production machines that could offer better productivity for regular products, but now the focus is on new product categories. Even a company like Focus has shifted its strategy to European automation, realising the growing inclination for niche machines to handle high-end products like suits, trousers and lingerie. higher cost on compliances and other issues that have led to rise in cost of production, hence lower margins for the manufacturers. For a country that has always been acknowledged for its open mindset and its receptiveness towards technology today, adopting new ways to improve efficiencies and better quality is even more critical. Over a period of time, Bangladesh manufacturers have understood that technology is their only way of survival in an industry where the search for the cheapest destination is a constant endeavour. Despite being known as the hub of cheap labour, Bangladesh is now facing increase in wage rates and The proactiveness of manufacturers and the push from their side to technology providers to offer them technologies which were unthinkable in the country a few years ago, is starting to create a synergy between both that will surely help Bangladesh apparel industry achieve great heights. An example of the same 20 Apparel Online Bangladesh | MARCH 2018 | www.apparelresources.com Technology providers were highly appreciative of the upfront approach of the exporters and the genuine curiosity of manufacturers on latest offerings. Sensing opportunities, every technology provider has a set strategy to expand their share in the market and a common thread between all of them is that they are taking small steps. With a clear vision that the need of the market is automation, they are focusing on this only. They agree that for next few years, Industry 4.0 will not be in demand in Bangladesh, so they are in no hurry to introduce the concept in the market yet.