The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and SOWTEX have signed another memorandum of understanding (MoU) to increase the collaboration between Indian fabrics and value-added material suppliers and Bangladesh's apparel manufacturers.
Namely, they aim to boost collaboration in man-made fibers and cotton-based materials using SOWTEX Phygital (physical and digital bridge) sourcing platform.
The platform offers connection and facilitation support to the large textile supply chain from India and other countries. It will also create opportunities to increase Bangladesh's readymade (RMG) exports to India, the BGMEA said Thursday (January 12, 2023).
Read more: BGMEA, IICCI, Sowtex team up to make textile sourcing easier for Bangladesh
BGMEA President Faruque Hassan and Sowtex Network CEO Sonil Jain inked the MoU in Dhaka on Wednesday. BGMEA Standing Committee on Press, Publication and Publicity Chair Shovon Islam was also present.
SOWTEX and BGMEA are in the process of arranging collaborative roadshows in Indian textile clusters along with other textile associations with BGMEA's top manufacturing members and large Indian raw materials manufacturers in several cities in India.
Expos have also been planned in Bangladesh to build up the momentum for this second round of collaboration.
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The exhibitions will play an important role in facilitating business interactions between Bangladeshi RMG exporters and Indian RMG, textile and raw materials suppliers and reaping mutual trade benefits, the BGMEA said.