Spanish clothing giant Inditex intends to bolster ties with Bangladesh
"We have very strong ties. We are looking to strengthen the relationship," Inditex CEO Maceiras stated
Spanish clothing retailer Inditex, the biggest fast fashion group in the world, said it wants to deepen its ties with Bangladesh.
Oscar Garcia Maceiras, chief executive officer of Inditex, expressed the interest during a meeting with Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna today (9 April).
The discussion centred on matters of mutual interest, including the evolving landscape of global trade, the expansion of cultural ties between Bangladesh and Spain, and Inditex's corporate social responsibility (CSR) initiatives within Bangladesh, reads a press statement issued by the CA's Press Wing.
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The Inditex CEO lauded the chief adviser's speech at the Bangladesh Investment Summit, describing it as "very inspirational". The Spanish company owns a number of brands, including Zara, Bershka and Massimo Dutti.
Maceiras emphasised Bangladesh's pivotal role as a sourcing hub for Inditex, outlining the company's intent to deepen its partnership with the nation.
"We have very strong ties. We are looking to strengthen the relationship," Maceiras stated. "Bangladesh is very business-friendly for sourcing."
Addressing the complexities of global trade and its implications for countries like Bangladesh, the Inditex CEO suggested that the country is "better positioned" to capitalise on emerging global trade dynamics. He acknowledged the "moving parts" influencing the current global trade environment.
Following visits to several Bangladeshi factories, Maceiras expressed his admiration for the diverse range of products manufactured within the country.
He announced Inditex's commitment to funding the graduate and postgraduate education of at least 50 female workers from its Bangladeshi factories, through a newly signed agreement with the Asian University for Women in Chattogram.
Furthermore, Maceiras revealed that Inditex has established an Inditex Chair for Spanish Language and Culture at Dhaka University.
The CA commended the company's social responsibility endeavours. He reminisced about his time in Spain and his longstanding association with former Spanish Queen Sofia.
He urged Inditex to increase its investment in healthcare facilities for garment workers in Bangladesh. Company officials present at the meeting disclosed that Inditex will soon commence air-shipping cargo from Sylhet International Airport.
