Dhaka, Monday

24 June 2024

Business Insider Bangladesh

Chinese business delegation meets BGMEA leaders, discusses trade, investment opportunities

BI Desk || BusinessInsider

Published: 00:46, 14 May 2024  
Chinese business delegation meets BGMEA leaders, discusses trade, investment opportunities

Representational photo

A high-level delegation comprising representatives of leading Chinese apparel and textile enterprises paid a visit to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Monday.

The Chinese delegation was led by Xie Qing, Executive Vice President of the China National Garment Association (CNGA), while the BGMEA side was headed by President S. M. Mannan (Kochi) with BGMEA Senior Vice President Vice Khandoker Rafiqul Islam, Vice President Arshad Jamal (Dipu), Vice President (Finance) Md. Nasir Uddin, Vice President Abdullah Hil Rakib, Directors Md. Imranur Rahman and Md. Nurul Islam present in the meeting.

The meeting, held at the BGMEA Complex in Dhaka, aimed at exploring possible avenues of enhancing bilateral trade and investment between Bangladesh and China, reports BSS.

In the meeting, both sides exchanged insights, discussed industry trends, and explored potential areas of collaboration that would bring mutual benefits.

They also discussed potential joint ventures, investment opportunities, and strategic partnerships aimed at enhancing competitiveness and facilitating sustainable growth in the apparel and textile sector.

The delegation expressed keen interest in fostering partnerships with Bangladeshi counterparts to capitalize on mutual strengths and drive innovation and sustainability in the apparel industry.

During the meeting, the BGMEA leaders shared insights into Bangladesh's garment industry landscape, highlighting the country's robust infrastructure, skilled workforce, and conducive business environment.

They highlighted Bangladesh's commitment to sustainable practices and ethical manufacturing, aligning with global standards and consumer expectations.

The BGMEA leaders pointed to the growing demand for man-made fiber-based fabrics in Bangladesh's garment industry, calling upon Chinese investors to consider investing in emerging sectors such as textile machinery, man-made fiber and technical textiles, and recycling industry.

They emphasized the importance of exchanging best practices and technical know-how to support the development of Bangladeshi garment factories.