BGMEA, OCAB partner to drive Chinese investment in RMG sector

According to media reports, the inaugural was discussed astatine a bilateral gathering held astatine the BGMEA Complex successful Dhaka's Uttara country connected 4 August, wherever leaders from some organisations explored strategies to fortify concern ties and beforehand exertion transfer.

The BGMEA delegation was led by its president, Mahmud Hasan Khan, portion OCAIB was represented by vice presidents Lisa Lou and Vivian Huang, enforcement manager Steven Zhang, and caput Tina Hu.

During the meeting, Chinese representatives noted that galore Chinese firms are funny successful establishing operations oregon transferring exertion to Bangladesh's RMG assemblage but look challenges owed to a deficiency of accessible, reliable accusation astir section concern opportunities.

They requested BGMEA's assistance successful providing broad mill information and facilitating introductions to imaginable section partners.

In response, BGMEA's president said the relation intends to scope retired to its subordinate factories to place businesses seeking overseas concern oregon associated ventures.

Factory owners, whether operating, non-operational, oregon seeking to merchantability shares oregon full plants, volition beryllium asked to taxable elaborate accusation connected their facilities, disposable infrastructure, and desired forms of partnership, BGMEA said.

The relation volition past reappraisal these submissions and stock applicable profiles with OCAIB to alteration targeted matchmaking betwixt Bangladeshi manufacturers and funny Chinese investors.

BGMEA stated that the wide nonsubjective is to found a concern matchmaking level to facilitate partnerships, beforehand the reopening of shuttered oregon struggling factories done caller superior and technology, and pull concern into upstream oregon backward linkage industries captious to Bangladesh's garment sector.

This follows an earlier gathering betwixt BGMEA and OCAIB connected 11 July, which focused connected strengthening bilateral concern opportunities successful the RMG sector.

The erstwhile discussions besides covered areas specified arsenic method modernisation, renewable vigor expansion, c trading, argumentation situation improvement, and the integration of artificial quality tools to heighten the competitiveness of Bangladesh's apparel exports.

In May this year, BGMEA urged Chinese investors to research caller concern opportunities and discussed exertion collaboration and knowledge-sharing during talks with a elder delegation from the China National Textile and Apparel Council (CNTAC).

"BGMEA, OCAB spouse to thrust Chinese concern successful RMG assemblage " was primitively created and published by Just Style, a GlobalData owned brand.