BGMEA, Texprocil to work on Indo-Bangla trade

There is a huge prospect for enhancing trade between Bangladesh and India, especially in garment and textile sectors, according to Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). 

Collaboration between the governments and among the businesses could pave the way for more bilateral trade, he said.

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Hassan was speaking at a meeting with a delegation of India's Cotton Textiles Export Promotion Council (Texprocil) led by Chairman Sunil Patwari at the BGMEA complex yesterday to discuss challenges and opportunities of the bilateral trade.

"With a growing middle-class population, India is a highly potential market for Bangladesh's garment exports. Bangladesh is also a promising market for Indian cotton, manmade fibres, dyes, chemicals and other raw materials," he said.

The apparel and textile sectors have the potential to complement each other and get reciprocal benefits, he added.

The BGMEA president also called upon the countries to remove trade barriers and build adequate infrastructure and transport facilities at land ports to accommodate increased transportation demand.

In the meeting, the BGMEA and Texprocil agreed to collaborate to facilitate more business between the countries.