A delegation from Jiangsu Soho Holdings Group Co. Ltd visited the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to discuss about possible joint ventures and investment prospects in the clothing and textile industry.
Led by Zhou Yong, Chairman of Jiangsu Soho Holdings Group Co. Ltd, the delegation included Li Yanzhou, General Manager of Jiangsu Soho Holdings Co. Ltd; Yu Tangmao, Chairman of Jiangsu Soho Apperals Co. Ltd; Wang Yile, Sales Manager of High Hope Zhongtian Corporation; Calvin Ngan, President of Overseas Chinese Association in Bangladesh; and Andy Chen, Deputy President of Overseas Chinese Association in Bangladesh.
The BGMEA side was headed by Senior Vice President Khandoker Rafiqul Islam and included Vice President Md. (Finance) Nasir Uddin, and Vice President Abdullah Hil Rakib, Directors Mohammad Sohel Sadat, Mesbah Uddin Khan, Shams Mahmud, Md. Shahadat Hossain, Md. Jakir Hossain, and Md. Nurul Islam, said a press release.
The leaders of the BGMEA gave a perceptive overview of Bangladesh’s burgeoning textile industry, emphasising its noteworthy shift towards high-value garments, particularly apparel made from man-made fibres.
They highlighted the favourable investment climate in Bangladesh, especially in the upscale textile industry and the backward-linking sectors that support it.
In light of Bangladesh’s growing need for synthetic fibres, the leaders of the BGMEA emphasised the reciprocal advantages that Chinese involvement in this industry would yield.
They underlined that setting up textile factories in Bangladesh using man-made fibres will meet rising market demand while also cutting prices and lead times.
The leaders of the BGMEA emphasised the value of funding textile technology and the recycling sector, emphasising Bangladesh’s commitment to improving its capacity for clothing and textile recycling.
They indicated interest in collaborating with Jiangsu Soho Holdings Group to improve the capacities of Bangladeshi businesses through the sharing of knowledge and technical know-how.