Sunday, May 05, 2024
A delegation from Jiangsu Soho Holdings Group Co Ltd visited the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Wednesday to discuss potential collaborations and investment opportunities in the textile and apparel sector.
The delegation team led by the Chairman of Jiangsu Soho Holdings Group Co Ltd Zhou Yong and comprises of General Manager of Jiangsu Soho Holdings Co Ltd Li Yanzhou, Chairman of Jiangsu Soho Apparels Co Ltd Yu Tangmao, Sales Manager of High Hope Zhongtian Corporation Wang Yile, President of Overseas Chinese Association in Bangladesh Calvin Ngan, and Deputy President of Overseas Chinese Association in Bangladesh Andy Chen.
From the part of BGMEA, Senior Vice President Khandoker Rafiqul Islam led the team, with Vice President (Finance) Md Nasir Uddin, and Vice President Abdullah Hil Rakib, Directors Mohammad Sohel Sadat, Mesbah Uddin Khan, Shams Mahmud, Md Shahadat Hossain, Md Jakir Hossain, and Md Nurul Islam.
The BGMEA leaders provided an insightful overview of Bangladesh’s thriving apparel industry, underscoring its notable transition towards high-value garments, particularly apparels made from man-made fibres.
They emphasised the promising investment opportunities within Bangladesh, particularly within the high-end textile sector and its associated backward linkage industries.
As the demand for man-made fibres continues to rise in Bangladesh, the BGMEA leaders highlighted the mutual benefits that Chinese investment in this sector would bring.
They emphasised that establishing man-made fibre-based textile facilities within Bangladesh would not only reduce costs and lead times but also align with the growing market demand.
The BGMEA leaders underscored the importance of investment in textile technologies and the recycling industry, highlighting Bangladesh’s focus on enhancing its capabilities in garment and textile recycling.
They expressed interest in the exchange of knowledge and technical expertise with the support of Jiangsu Soho Holdings Group to enhance the capabilities of Bangladeshi companies.
