Bangladesh Garments Manufacturers and Exporters Association (BGMEA) and Confederation of Indian Industry (CII) signed Sunday a Memorandum of Understanding (MoU) for promotion of bilateral trade and commerce with India.
According to the MoU, both organisations will work together to promote cooperation for strengthening the textile and garment industries of the two countries. BGMEA Acting President Md. Siddiqur Rahman and especial adviser to the CII Syamal Gupta signed the MoU on behalf their respective organisations at BGMEA Bhaban.
After signing of the MoU, India-Bangladesh Chamber of Commerce and Industry president Abdul Matlub Ahmed said that the MoU is the start of a new journey where the BGMEA can take a share of huge Indian apparel market estimated at US$ 30 billion. CII team leader Syamal Gupta, also the special adviser to Tata International Limited, said that with this cooperation, it would be possible to showcase Bangladesh's special products and skills in India. "Bangladesh should try better share of Indian market," he added.
BGMEA Vice President Faruque Hassan and Vice President (finance) SM Mannan Kochi were present, among others, on the occasion. Under the MoU, the BGMEA and CII will work together to promote cooperation for strengthening the textile and garment industries of the two countries, CII and BGMEA would take up issues of policies with the respective governments with a view to addressing problems and bottlenecks, tariff, para-tariff and non-tariff barriers in the textile and garment trade.
Bangladesh Garments Manufacturers and Exporters Association (BGMEA)
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