There is a huge potential for further collaboration between Bangladesh and India in the textile and apparel sector that can offer opportunities to both the countries, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) M Siddiqur Rahman recently said. He was speaking at a meeting of business leaders from both the countries in Dhaka.
A 25-member delegation of Indian exporters of yarn and fabric led by Chairman of the Cotton Textiles Export Promotion Council of India (TEXPROCIL) Ujwal Lahoti attended the meeting with Bangladeshi apparel exporters to strengthen trade relationship, according to a report.
Due to duty-free export of readymade garments (RMG), export to India last year was $279 mn compared to $96 mn five years ago, he said. He identified some challenges, including lack of capacity at the land customs ports, especially in Petrapole, and non-payment issues.