A high-level delegation from the Singapore Ministry of Trade and Industry (MTI), Enterprise Singapore (ESG), and the Singapore Port Authority (PSA) on Monday met with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan in Dhaka.
At the meeting they discussed to explore avenues for expanding trade and investment collaboration between Bangladesh and Singapore, read a press release.
The Singapore delegation emphasized the importance of supporting and collaborating on the development of infrastructure and logistics, particularly enhancing the capabilities and efficiency of ports in Bangladesh to facilitate seamless export-import activities.
BGMEA President Faruque Hassan highlighted Bangladesh’s expanding economy and its increased focus on infrastructural development to meet the growing demands of trade and industries.
“Improved infrastructure along with investment friendly support provided by the government has led to the growing interest of foreign investors.”
“Singaporean investors could consider investing in different emerging sectors of Bangladesh like textile machinery, man-made fiber and technical textiles, recycling industry, light engineering, and shipbuilding,” the BGMEA president said.
He also pointed to the potential of Singapore as a potential market for Bangladeshi garment exports, calling on their support in exploring the market opportunities.
The Singapore delegation led by Chargè d’Affaires at the Singapore High Commission in Dhaka Sheela Pillai, MTI Senior Director (Emerging Markets) Dr Francis Chong, ESG Global Markets (South Asia) Director Audrey Tan,MTI Deputy Director (Emerging Markets) Uma Muniandy, MTI Senior Assistant Director (Emerging Markets) Vann Ang, MTI Assistant Director (Emerging Markets) Arjun Jayaraman, Vice President Alfred Sim, Assistant Vice President Lim Wei Chiang, and Singapore Port Deputy Country General Manager Mohammad Abdullah Jahir.
From BGMEA, Vice President Shahidullah Azim, Miran Ali, Director Asif Ashraf, Neela Hosna Ara, Standing Committee Chair on Press, Publication and Publicity Shovon Islam, and Standing Committee Chair on Trade Fair Mohammad Kamal Uddin, were present at the meeting.
The meeting concluded with mutual optimism and a commitment to further explore concrete steps that will contribute to the growth of garment trade between Bangladesh and Singapore.
