The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Indian Importers Chambers of Commerce and Industries (IICCI), and SOWTEX signed a memorandum of understanding (MoU) on Sunday to bridge the gap in textile sourcing for Bangladesh.
BGMEA President Faruque Hassan, IICCI Vice-President (RMG) Jannatul Ferdous Nipa, and Sowtex Network Pvt Ltd Co-founder and Chief Executive Officer (CEO) Sonil Jain inked the MoU on behalf of their respective organisations at BGMEA office in Dhaka, a press release said.
Chair of BGMEA Standing Committed on Press, Publication and Publicity Shovon Islam and Chair of BGMEA Standing Committee on Trade Fair Mohammed Kamal Uddin were also present at the signing ceremony.
As per the understanding, they would host B2B meets through events inviting prominent Indian textile suppliers and service providers to present their design collections and engage with Bangladeshi ready-made garment (RMG) and textile companies.
The first such expo of B2B meet has been planned to be held at Radisson Blu in Dhaka where 30 prominent textile suppliers would be joining with SOWTEX to network with top business owners along with their CEOs and sourcing heads to deepen long-term sourcing, innovation and technology exchange requirements.
More such meets would be planned under the joint collaboration in future on a regular basis, the release added.