As Bangladesh is looking to Increase RMG exports, another memorandum of understanding (MoU) was signed between BGMEA and SOWTEX to increase the collaboration between Indian fabrics and value- added material suppliers and Bangladesh’s RMG manufacturers, particularly in the area of Man Made Fibers and cotton-based materials using SOWTEX Phygital (physical and digital bridge) Sourcing platform.
The platform offers connect and facilitation support to large textile supply chain from India and other countries. It will also create opportunities to increase Bangladesh’s RMG exports to India.
BGMEA President Faruque Hassan and CEO of Sowtex Network Sonil Jain inked the MoU on behalf of their respective sides.
Chair of BGMEA Standing Committee on Press, Publication and Publicity Shovon Islam was present at the signing ceremony held in Dhaka on January 11.
SOWTEX -BGMEA are in the process of arranging collaborative roadshows in Indian textile clusters along with other textile associations with BGMEA top manufacturing members and large Indian raw materials manufacturers in several cities in India.
Expos are also planned in Bangladesh to build up the momentum for this second round of collaboration.
The exhibitions will play an important role in facilitating business interactions between Bangladeshi RMG exporters and Indian RMG, textile and raw materials suppliers and reaping mutual trade benefits.