In a recent interactive session held in Dhaka, Indian High Commissioner to Bangladesh, Pranay Verma, emphasised the vital cooperation between India and Bangladesh in the readymade garments (RMG) and textile sector, highlighting it as a reflection of the interdependence and mutual benefits shared by the two nations.
The session, organised by the Indian High Commission, brought together prominent business leaders and representatives from Bangladesh’s textile industry. It was conducted in anticipation of the Bharat Tex 2025, a global textile exhibition set to take place in New Delhi from 14th-17th February 2025.
During his remarks, Verma underscored the significant role of the RMG sector in Bangladesh’s socio-economic development and its potential to foster closer supply and value chain linkages between the two countries. He noted that India serves as a crucial supplier of cotton yarn to Bangladesh’s textile industry.
According to the Bangladesh Textile Mills Association (BTMA), Bangladesh imported 1.215 million tonnes of yarn last year, primarily cotton yarn, marking an impressive 31.45 per cent increase from 924,000 tonnes in 2023.
Verma expressed optimism that continued trade connectivity and economic engagement will further strengthen the relationship between the people and businesses of India and Bangladesh.
The event also featured key industry figures, including Anwar Hossain, administrator of the Bangladesh Garment Manufacturers and Exporters Association; Mohammad Hatem, president of the Bangladesh Knitwear Manufacturers and Exporters Association; Faruque Hassan, chairman of the Board of Trustees at BGMEA University of Fashion and Technology (BUFT); and Jashim Uddin, chairman of Bengal Commercial Bank and vice chairman of Bengal Group of Industries, all of whom contributed to the discussions on enhancing bilateral trade relations.
