A delegation of 12 members of the Confederation of Indian Industry (CII) which was recently on a three-day visit to Dhaka, Bangladesh was urged to invest in the country's weaving sector by domestic textile and garment manufacturers to meet the desired demand of fabric, as per Bangladeshi media reports.
Expressing his views based on a meeting with the CII delegation, Fazlul Hoque, vice president of Bangladesh Textile Mills Association (BTMA), said that Indian entrepreneurs can invest in the weaving sector as there is an opportunity for growth.
The weaving units in Bangladesh account to only 40 per cent of the fabric demand for garment production, leaving domestic manufacturers no choice but to import fabrics.
“The objective of this mission will be to connect up at the highest level with the industry bodies and with business community of Bangladesh with specific reference to the textile sector and provide a learning platform to members from both the sides,” said CII on its website.The CII delegation was in Dhaka to explore investment opportunities in the textile sector and strengthen bilateral economic relations with Bangladesh. The members of the delegation also showed interest in exporting cotton to Bangladesh. (HO)
Fibre2Fashion News Desk – India
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