The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), which is the apex trade organisation of Bangladesh playing a pivotal role in consultative and advisory capacity, safeguarding the interest of the private sector in the country, has recently urged businesses in Wales to invest in the textile sector of Bangladesh.
According to media reports, this call was made by the FBCCI during a meeting with delegates of the All-Chambers Wales Trade, Investment and Education Mission, United Kingdom at its office in Dhaka.
Addressing the visiting delegation, FBCCI President Md Jashim Uddin reportedly maintained the global fashion industry was shifting towards non-cotton garments due to rising cotton prices and dwindling supply while the Bangladesh garments sector’s demand for man-made fibres was increasing while also adding once Bangladesh made the United Nations status graduation from least developed to developing country, most value addition of exports should be done locally to avail European trade privileges.
Further underlining the textile sector, especially MMF, will be potential areas of investment, Jashim reportedly said there were opportunities for direct or joint investment with businesspeople in Bangladesh including in sectors like ceramics, furniture, renewable energy, information and communication technology and human resource development.
