Closer interactions with India key to mutual trade benefits: BGMEA

Closer interactions between Bangladesh and India in the RMG sector is key to mutual trade benefits, said Faruque Hassan, President of Bangladesh Garment Manufacturers and Exporters Association.

He made the remark at a meeting with Atul Kumar Saxena, President of Indian Importers Chambers Of Commerce and Industries (IICCI) at BGMEA Complex in Dhaka on Wednesday, said a statement.

The BGMEA president said, “Closer direct business interactions between Bangladeshi RMG manufacturers and Indian textiles, chemicals, dyes and machinery suppliers would help them to meet their mutual needs and growth together.”

He also said that Bangladesh is aiming to pursue next level of growth in the RMG industry with high-end products mainly made of man-made fiber (MMF) and India has a strong textile industry to meet the demand.

In the meeting, both parties discussed how the two associations can work together to pave the way for Bangladeshi RMG manufacturers and Indian textile, chemical and machinery suppliers to reap mutual trade benefits.

Their discussion focused on possible collaboration between BGMEA and IICCI in creating platforms to bring businessmen of two countries closer for more business interactions.

They stressed the need for intensifying joint efforts to identify areas of mutual interest and ways to realise untapped potential that lie ahead of the two sides.

BGMEA Director Barrister Shehrin Salam Oishee and IICCI Vice President (RMG) Jannatul Ferdous Nipa were also present at the meeting.