Issue 165 2020-01-21 Souscrire

IPF Bangladesh 2020: The Window for Taiwanese Manufacturers to get Into the Local and regional market.

The 15^th edition of Bangladesh International Plastics, Printing and Packaging Industry fair, also known as IPF will be held on February 12^th-15^th at International Convention City Bashundhara (ICCB) in the city of Dhaka.

This event is organized once a year and is envisioned to surpass last year's edition, that gather over 460 exhibitors from 19 countries, 780 booths, and more than 26,000 visitors, so there are big expectations for this year.

High Potential manufacturing center in South Asia

Bangladesh has big incentives from foreign countries, such as United States, Canada, Australia, and the European Union have tax exemption system, this is one of the reasons why Bangladesh is expected to reach an economic growth rate of 8.13% this year. One of the main points of influence that attract foreign corporations to invest in Bangladesh is the low labor costs and the good forecast in what economic growth concerns.

The plastic industry has over 3,000 manufacturers, and the amount of labor employed is more than 2 million people.
The annual sales of plastic products in the local market has an estimate of USD $2 billion. Moreover to say the average growth rate of plastic production exceeds 20% per year.

Regarding raw materials, there is also an increase, for example, the import of plastic resin is increasing by up to 22% per annum, this thanks to the duty-free import of raw materials from the government.

We can conclude that this will be a big opportunity for the exhibitors, local and international, to show suitable options for the potential buyers that will attend IPF Bangladesh 2020.

If you are interested in any Plastics and Rubber machine, mold, components and raw materials, a visit to PRM-TAIWAN booth is worth it. We will help you to fulfill your needs and find the most suitable Taiwanese supplier.

Exhibition: IPF Bangladesh 2020
Location: International Convention City Bashundhara (ICCB), Dhaka.
Dates: February 12^th-15^th
Time: 12:00-20:00
PRM-TAIWAN booth: 826