BGMEA, BTMA join hands to support $100b apparel export goal
Speaking at the event, Mahmud Hasan Khan said while differences occasionally arise between garment manufacturers and textile millers, both sectors share the common goal of strengthening the industry.
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Textile Mills Association (BTMA) have signed a memorandum of understanding to strengthen cooperation aimed at achieving the country's $100 billion apparel export target.
The MoU was signed today (4 August) at the Gulshan Club in Dhaka by BGMEA President Mahmud Hasan Khan Babu and BTMA President Showkat Aziz Russell on behalf of their respective organisations.
As part of the agreement, the two trade bodies will jointly organise the Bangladesh International Textile and Apparel Machinery Exhibition in December.
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The organisers said the partnership would help build a more innovative, sustainable and technologically advanced textile and ready-made garment (RMG) industry.
They said the exhibition aims to position Bangladesh as a global hub for sustainable textile and apparel manufacturing by showcasing advanced machinery, artificial intelligence (AI), fashion trends, technology transfer, skills development, sustainability initiatives, investment opportunities and international collaboration.
Speaking at the event, Mahmud Hasan Khan said while differences occasionally arise between garment manufacturers and textile millers, both sectors share the common goal of strengthening the industry.
He proposed forming a joint arbitration committee to resolve disputes over pro forma invoices (PIs) and letters of credit (LCs) to ensure commitments are honoured by both parties.
Showkat Aziz Russell said BTMA's biennial textile machinery exhibition, previously known as DTG, would become a larger and more globally recognised event through the partnership with the BGMEA.
