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BGMEA seeks China investment in high-end textile, backward linkage industries


Published : 23 Jan 2024 08:55 PM

BGMEA President Faruque Hasan has sought China's investment in high-end textile and backward linkage industries in Bangladesh that would bring benefits to both sides.

He said the shift to non-cotton apparels would lead to an increase in demand for manmade fiber-based fabrics, chemicals, and other raw materials, and China is well-positioned to meet Bangladesh's requirements.

The BGMEA President was discussing with a delegation from China. The delegation, comprising representatives from the China Knitting Industrial Association and the China Cotton Textile Association, visited the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Monday.

The BGMEA President also highlighted the high potential for garment exports from Bangladesh to China.

The BGMEA President gave an overview of Bangladesh's apparel industry, especially its strong emphasis on shift towards manufacturing high-value products, particularly manmade fiber-based garments.

Faruque also emphasized China's support in enhancing capabilities through the exchange of knowledge and technical expertise.

The visit aimed at exploring potential collaboration particularly in the textile and apparel sector to derive mutual trade benefits.

The Chinese delegation included Lin Yunfeng, Chairman, China Knitting Industrial Association; Jing Shenquan, Vice Chairman, China Cotton Textile Association, and Wei Wei, Vice Director of Department, China Knitting Industrial Association.

Besides, representatives from various Chinese companies specializing in textile machinery, chemicals, and raw materials were also part of the delegation.

 During the visit, they met BGMEA leadership, including President Faruque Hassan, Senior Vice President S. M. Mannan (Kochi), Vice President Shahidullah Azim, and Vice President (Finance) Khandoker Rafiqul Islam, said a press release.

BGMEA Directors Faisal Samad, Haroon Ar Rashid, Barrister Vidiya Amrit Khan, Md. Imranur Rahman, and Neela Hosna Ara were also present in the meeting.

Their discussions focused on trade and investment opportunities, fostering collaboration, and expanding business scope between Bangladesh and China in the textile and apparel sector.