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India, Bangladesh sign MoU for mutual growth in apparel & textile sector

by Apparel Resources News-Desk

06-December-2018  |  2 mins read

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

Collective efforts seem to be the need of the hour, in the textile and apparel industry currently. The sector demands understanding and harmony not just among companies or the country, but with neighbouring nations as well.

Realising this fact, Indian and Bangladesh-based leading textile and apparel associations have joined hands to support each other.

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.

Md. Siddiqur Rahman, President, BGMEA and Sanjay Jain, Chairman, CITI finalised the deal recently in Delhi.

“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. This MoU focuses on areas like knowledge transfer, identifying means for mutual growth etc.”  – Md. Siddiqur Rahman, President, BGMEA told Apparel Resources.

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 same period last year.

BGMEA is one of the largest trade associations in the Bangladesh representing the readymade garment industry, particularly the woven garments, knitwear and sweater sub-sectors with equal importance. On the other hand, CITI is leading industry chambers of the textile and clothing sector of India, representing 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.

“India and Bangladesh are natural partners and can cater to areas where one of both is lacking. Jointly we will be carrying out trade promotional activities in both the countries.” – Sanjay Jain, Chairman, CITI.

In another development, CITI has also signed similar MoU with Uzbekistan too.