Monday, 5 June, 2023

BGMEA, Worldex to unlock trade potential jointly

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Worldex India will collaborate on strengthening connections between businessmen in Bangladesh and India to realise untapped trade potential, particularly in the textile and apparel sectors.

The two organisations will work jointly to bring closer suppliers and exporters of apparel, textiles, chemicals, machinery, and other raw materials through trade shows.

Worldex Executive Director Arti Bhagat called on BGMEA President Farque Hassan at the BGMEA Complex in Uttara, Dhaka, on May 2, 2023.

Senior Head (Operations & Marketing) of Worldex India Zahir Merchant was also present at the meeting.

In the meeting, they discussed possible collaboration between BGMEA and Worldex in creating platforms to bring businessmen from two countries together and facilitate more business interactions.

The current business landscape has created huge opportunities for Bangladesh and India to reap mutual trade benefits by assisting each other in the textile and apparel sectors.

Faruque Hassan said, "Bangladesh aims to pursue the next level of growth with high-value-added apparels, including manmade fibre-based garments, and India is a major supplier of MMF, chemicals, dyes, and other raw materials. On the other hand, India wants to boost its textile exports."

Given the geographical proximity and the demand-supply match, the scope is enormous for both countries to complement each other, and make the most of the opportunities, he added.

Laying emphasis on increasing more direct business interactions between Bangladeshi RMG exporters and Indian textile product suppliers, Faruque Hassan said it would help to derive reciprocal trade benefits.

He expressed hope that the Bangladesh-India trade relationship would be strengthened more in the coming years through meaningful cooperation.