BGMEA and global producer of recycled cotton fiber, Recover have expressed interest in working together to increase textile waste recycling capacity in Bangladesh. Benjamin Joseph Malka, Executive Chairman of Recover, met BGMEA President Faruque Hassan at BGMEA Complex in Dhaka on Wednesday (30 November). At this time they expressed their interest.
They expressed optimism about the development of recycling industry in Bangladesh. Because 75 percent of Bangladesh’s clothing products are cotton-based. About four lakh tons of recyclable pre-consumer waste is generated in Bangladesh every year, of which only 5 per cent is recycled locally.
The two leaders discussed a possible collaboration between BGMEA and Recover to increase Bangladesh’s textile waste recycling capacity to make the country a global recycling hub.
Faruque Hassan said, “We see a huge potential to develop the recycling industry in Bangladesh. By recycling textile waste, we can reduce cotton imports and export nearly $3 billion worth of recycled fiber into garments.”
He also said that Bangladesh’s garment industry has shifted from linear economic model to circular economy. Because a circular fashion system is not only environmentally friendly for Bangladesh, but it can also bring financial benefits to Bangladesh.
Benjamin Joseph Malka said, “Recover has already invested heavily in Bangladesh’s recycling industry and is keen to invest more to increase recycling capacity in the country.’
Recover is a global producer of low-impact, high-quality recycled cotton fibers and fiber blends. Recover’s Chief Business Development Officer, Alejandro Rana was also present.
