In­dia and Bangladesh's trade bod­ies sign MoU for mu­tual de­vel­op­ment

Apparel Online - - INDUSTRY LIVE -

In tex­tile and ap­parel in­dus­try, col­lec­tive ef­forts are the need of the hour and that too not only within a clus­ter or coun­try but also with the neigh­bour­ing coun­tries. Recog­nis­ing this fact, In­dian and Bangladesh-based lead­ing tex­tile and ap­parel asso­ciations have joined hands for mu­tual sup­port. Bangladesh Gar­ment Man­u­fac­tur­ers and Ex­porters As­so­ci­a­tion (BGMEA) and Con­fed­er­a­tion of In­dian Tex­tile In­dus­try (CITI) re­cently signed an MoU to sup­port each other in var­i­ous fields and work col­lec­tively. It is per­ti­nent to men­tion here that Bangladesh’s ap­parel ex­port to In­dia was over US $ 187 mil­lion dur­ing July-Oc­to­ber 2018. It saw a gain of 168 per cent com­pared to the same pe­riod last year.

BGMEA is one of the largest trade asso­ciations in Bangladesh rep­re­sent­ing the ready­made gar­ment in­dus­try, par­tic­u­larly the woven gar­ments, knitwear and sweater sub-sec­tors with equal im­por­tance. While CITI is the lead­ing in­dus­try cham­ber of the tex­tile and cloth­ing sec­tor of In­dia, and rep­re­sents the ma­jor lead­ing re­gional and in­dus­try asso­ciations and 17 ma­jor cor­po­rate mem­bers, thus, cov­er­ing the en­tire tex­tile value chain from farm to gar­ments, made-ups and the tex­tile ma­chin­ery in­dus­try. Md. Sid­diqur Rah­man, Pres­i­dent, BGMEA and San­jay Jain, Chair­man, CITI signed an MoU re­cently in Delhi. Talk­ing to Ap­parel On­line, Rah­man said, “Look­ing at the global sce­nario, trade cor­ri­dors are open­ing and there are huge op­por­tu­ni­ties for coun­tries like In­dia and Bangladesh as far as tex­tile and ap­parel in­dus­try is con­cerned.

With joint ef­forts, both the coun­tries can grow.” He fur­ther added that MoU has fo­cus on many ar­eas like knowl­edge trans­fer, iden­ti­fy­ing ar­eas for mu­tual growth etc. “In­dia and Bangladesh are nat­u­ral part­ners and can cater to such ar­eas where any­one of the both is lack­ing. Jointly we will be car­ry­ing out trade pro­mo­tional ac­tiv­i­ties in both the coun­tries,” in­formed San­jay. In an­other de­vel­op­ment, the CITI has also signed a sim­i­lar kind of MoU with Uzbek­istan.

Md. Sid­diqur Rah­man (L), Pres­i­dent, BGMEA and San­jay Jain, Chair­man, CITI signed the MoU in Delhi

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