Bangladesh and India can reap more mutual trade benefits through further collaboration, especially in the area of apparel and textile industry, said BGMEA President Faruque Hassan.
“There are huge opportunities for Bangladesh and India to complement each other in boosting apparel and textile business in both countries,” he remarked during a meeting with High Commissioner of India to Bangladesh, Vikram K Doraiswami on Thursday, a press release said.
BGMEA Vice President ShahidullahAzim, Directors Asif Ashraf, Md. MohiuddinRubel, Tanvir Ahmed, Abdullah HilRakib, Deputy High Commissioner of India to Bangladesh Dr. Binoy George, and Commercial Representative of the High Commission Dr. PramyeshBasall were also present at the meeting.
They discussed about existing problems in export-import especially in RMG and textile industry and possible ways to address them. They also discussed potential areas of further collaboration between Bangladesh and India to derive mutual trade benefits.
BGMEA President Faruque Hassan said, “While Bangladesh relies on India for import of raw materials including machinery, cotton, yarn, fabric, chemicals, and dyes, India is a potential RMG export market for Bangladesh. Indian domestic apparel market is growing and Bangladesh can tap the opportunity. So, there lies reciprocal trade benefits for both Bangladesh and India.”
He requested the Indian High Commissioner to expedite and facilitate trade through the land ports including Benapole in order to reduce time and cost. He also called for easing travel procedures including visa and resuming flights especially for business people from Bangladesh.
