16 March 2023, Mumbai
Bangladesh Garments Executives Association (BGEA)
A platform meant and designed to serve the interests of the executives working in Knit, Woven, and Sweater factories, etc in the larger interest of the growing apparel sector and the significance it assumes in Bangladesh's national economy.
DFU Publications had a quick interaction with Mrs. Jannatul Ferdous Nipa, Director on the sidelines of the 3rd GLOBAL TEXTILE CONCLAVE (GTC) currently underway at Jaipur, Rajasthan (India) find here the excerpts of the same:
As the Vice President of the Indian Importer Chamber of Commerce and Industry, it is my pleasure to be here today to discuss the potential for collaboration between India and Bangladesh in the textile industry.
Bangladesh is the second largest market for garments and has many green factories that maintain sustainability. India, on the other hand, is a closer and more competitive market for raw materials such as cotton, yarn, fabric, and accessories.
Our main focus is on sustainability through collaboration, which is why we want to build a strong relationship between the two countries. Last year, we organized an event in Bangladesh and learned that they are targeting $40 billion in exports of garments, which require a lot of raw materials.
We see this as a huge opportunity for collaboration between the two countries.
Furthermore, I would like to emphasize that the Indian Importer Chamber of Commerce and Industry is open to collaborating with Bangladesh and India to expand marketing opportunities in the Asian market. We can work together to make this happen and provide a strong market presence for both countries.
While China may be more aggressive towards Bangladesh, India is a closer and more competitive market for raw materials. Our lead time is shorter, which means we can access these materials faster than from other countries. Additionally, India is a competitive market for prices, making it a viable option for our materials.
In conclusion, I believe that collaboration between India and Bangladesh in the textile industry can be very fruitful.
Our chamber is open to collaboration, and we welcome anyone interested in expanding their marketing opportunities to join us. Together, we can create a strong market presence in the Asian market and beyond.
