Vision Group, Shahi Exports ink $30 million annual RMG partnership

A $30 million annual apparel partnership has been signed between Bangladesh's leading garment manufacturer and exporter Vision Group and India-based Shahi Exports Pvt. Ltd., marking a significant milestone in regional textile and apparel cooperation.

The agreement, valued at $30 million a year, reflects the growing synergy between the apparel industries of Bangladesh and India.

Vision Group is a leading manufacturer and exporter of woven and knit apparel in Bangladesh, with an annual turnover of approximately $100 million. The company has established itself as a key player in the country's ready-made garments sector through its strong focus on quality manufacturing, compliance, and global export excellence.

The new collaboration with Shahi Exports Pvt Ltd, a renowned apparel company in India, is expected to create new opportunities for business expansion, supply chain integration, and regional market growth.

The Memorandum of Understanding (MoU) was signed today (16 May) at Vision Group's office located in Savar. The agreement was signed by AHA Gaffar, director of Vision Group, and Poorana Seenivasan, chief executive officer and director of Shahi Exports Pvt Ltd, representing their respective organisations.

The agreement signing ceremony was attended, among others, Vision Group Chairman ASM Mahfuz, Managing Director AKM Hamid, executive directors Labib Mahfuz and Samira Hamid, and Shahi Exports Pvt Ltd Country Director Rohit Sharma.

Officials from both companies described the agreement as an important step toward strengthening regional cooperation in the textile and apparel sector. They added that the collaboration will support sourcing, production, and international market expansion initiatives for both sides.

Regarding the market focus, the partners said that the primary export destinations will include the United States, followed by major markets such as Australia and Canada. The product mix will include a wide range of apparel items, particularly tops and bottoms, tailored to global buyers. 

They also added that both companies will work closely through their communication and operations teams to finalise official write-ups, branding materials, and photographic documentation for corporate and publication use.

Representatives from both organisations expressed their optimism that the partnership would enhance operational capabilities and create long-term strategic growth opportunities in global markets

AHA Gaffar said, "Today's MoU with Shahi Exports marks more than just a business agreement — it is the beginning of a long-term regional partnership built on trust, quality, and shared growth."

"We believe this collaboration will open new opportunities in the global apparel market and further strengthen Bangladesh's position as a reliable sourcing destination," he added. 

Speaking to TBS, Poorana Seenivasan noted that the agreement was signed to support business expansion. "We have done this deal for business expansion. We will do it through partnership," he said.

Industry stakeholders view the agreement as a positive development for South Asia's apparel sector, highlighting the growing importance of cross-border partnerships in improving competitiveness, encouraging innovation, and supporting sustainable growth in the global fashion supply chain.

Vision Group is one of Bangladesh's leading manufacturers and exporters of woven and knit apparel products, operating for over two decades since its establishment in 1995. The company produces a wide range of fashion apparel for men, women, children, toddlers, and babies, supplying products to international markets and global brands.