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Regional value chain and collaboration within Asia to derive more mutual benefits

BGMEA President Faruque Hassan has underscored the importance of regional value chain and collaboration within Asia in the textile and apparel sector to derive more mutual benefits.

BGMEA President stresses on regional collaboration
Figure: BGMEA President Faruque Hassan has underscored the importance of regional value chain and collaboration within Asia in the textile and apparel sector to derive more mutual benefits.

While addressing the 13th edition of the International Conference on Textiles and Apparel on October 21 Faruque Hassan said, “If we, the neighboring countries, can complement each other, we have huge opportunities to grow together.”

Smt. Darshana Vikram Jardosh, Minister of State for Textiles, Ministry of Textiles, Government of India; Dilip Gaur, Chairman, CII National Committee on Textiles and Apparel; Kulin Lalbhai, Co-Chairman, CII National Committee on Textiles and Apparel, attended the conference organized by the Confederation of Indian Industry (CII) virtually.

Also, Suchira Surendranath, Director, Strategy and Investment Branding Lanka Ltd Group, and Abhimanya Munjal, Chairman, CII (Norther Region) were present at the conference.

In his address, BGMEA President Faruque Hassan said Bangladesh is pursuing a higher growth vision through diversifying textile material from cotton to non-cotton where the aim is to take a turn from quantity to quality, from volume to value.

“Since our priority is to diversify from cotton to non-cotton items, Bangladesh can be a good market for Indian MMF textiles. And the more we can grow in apparel exports, the more opportunities will be created for trading with India, especially for textiles, dyes, chemical, and machineries,” he said.

Besides, he invited investors and businessmen from India and from other countries in Asia to explore the investment opportunities in Bangladesh’s non-cotton textile industry.

Faruque Hassan also laid emphasis on the exchange of knowledge, expertise, and technologies within the region for sustainable and inclusive growth and development.

“We have established a fashion-designing university named BGMEA University of Fashion & Technology (BUFT) in 2000 and we are also going to set up a Center of Innovation to facilitate knowledge in the industry. Collaboration between these institutes and the fashion academies in India would be another important area how we can complement each other.”

 

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