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Govt seeks German investment in apparel sector
01
Oct '11
Government of Bangladesh has sought investment from German entrepreneurs in the country's apparel industry. The request was made by Commerce Minister Faruk Khan during a meeting with representatives of AVE, the Foreign Trade Association of the German Retail Trade.

Currently on a visit to the European country, the Minister also asked Germany to import more garments from Bangladesh as the country's garment sector is very successful.

Last year, Bangladesh was the third biggest supplier of apparels to Europe.

At present, Germany is the second biggest export market for Bangladeshi goods with a trade volume of US$ 4 billion. The Minister urged for further strengthening of the partnership by importing more garments, jute products and high quality leather goods from Bangladesh.

Fibre2fashion News Desk - India


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