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Shows on engineering, electrical products begin Thursday

Star Business Report
Two international trade shows on engineering and electrical products will start on Thursday at Bangabandhu International Conference Centre in the city.
Bangladesh Engineering Industry Owners' Association (BEIOA) and ASK Trade and Exhibitions, an Indian event management company, will co-organise the fifth international industrial, engineering and manufacturing technologytrade show-BIET2014.
The other exposition - the seventh international technology trade show on products, machinery, and raw materials for electrical industry - is being organised by Bangladesh Electrical Merchandise Manufacturers Association and ASK.
The market size of the light engineering sector will double to Tk 40,000 crore in the next ten years if the country's power generation capacity reaches 20,000 megawatts, BEIOA President Abdur Razzaque said at a press conference at the Dhaka Reporters Unity yesterday.
The sector is flourishing on the back of growing demand from different sectors such as textiles, steel, railway, shipping, food processing, agriculture and pharmaceuticals, he said.
“We want industrial loans at a single digit interest rate and lands with adequate power and gas supply to expand our business further,” Razzaque said.
The light engineering sector meets 75 percent of the local demands and helps save huge foreign currencies, he said.
“We are organising the trade shows every year to promote the light engineering sector and bring global technologies to our country."
BIET 2014 aims to introduce emerging
technologies, innovative concepts and technical expertise, Razzaque said.
A total of 75 companies, including 20 from India, will participate in the fairs to exhibit a wide range of engineering products such as laboratory materials, and foundry equipment, copper testing machine and spares.
Engineering Export Promotion Council of India will also open a stall.
"Our members are focusing on product diversification," said Enayet Hossain Chowdhury, president of Bangladesh Electrical Merchandise Manufacturers Association.
Around 40,000 electrical merchandise manufacturers have created more than eight lakh jobs so far, he said.