Trade

Bangladesh and India has ample scope to work together says BGMEA President

Bangladesh and India has ample scope to work together says BGMEA President

BGMEA President Faruque Hassan said Bangladesh and India can reap more mutual trade benefits through further collaboration, especially in the area of apparel and textile industry.

“There are huge opportunities for Bangladesh and India to complement each other in boosting apparel and textile business in both countries,” he remarked during a meeting with High Commissioner of India to Bangladesh, Vikram K Doraiswami who paid a courtesy call on BGMEA leaders at BGMEA office in Dhaka.

BGMEA President Faruque Hassan said: “While Bangladesh relies on India for import of raw materials including machinery, cotton, yarn, fabric, chemicals, and dyes, India is a potential RMG export market for Bangladesh. Indian domestic apparel market is growing and Bangladesh can tap the opportunity. So, there lies reciprocal trade benefits for both Bangladesh and India.”

He requested the Indian High Commissioner to expedite and facilitate trade through the land ports including Benapole in order to reduce time and cost.

He also called for easing travel procedures including visa and resuming flights especially for business people from Bangladesh.

Related posts

10 Winter Coats from Fall/Winter 2020

Perfect Sourcing Newsdesk

Cheaper yarn imports hurting domestic textile players

Perfect Sourcing Newsdesk

China Exports Plunge After U.S. Tariffs

Perfect Sourcing Newsdesk

Leave a Comment