BGMEA, BTMA join hands to achieve $100b apparel export target
The two trade bodies will jointly organise a textile and apparel machinery exhibition
Bangladesh's two leading apparel sector trade bodies - Bangladesh Garment Manufacturers and Exporters Association (BGMEA), and Bangladesh Textile Mills Association (BTMA) - have joined hands to help achieve the country's $100 billion apparel export target.
To this end, the two organisations signed a Memorandum of Understanding (MoU) at a ceremony held at the Gulshan Club in Dhaka today (4 August).
BGMEA President Mahmud Hasan Khan Babu and BTMA President Showkat Aziz Russell signed the MoU on behalf of their respective organisations.
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Under the agreement, the two associations will jointly organise the Bangladesh International Textile and Apparel Machinery Exhibition (BITMA), which will be held in December.
The organisers said the exhibition and the MoU are significant steps toward creating a stronger, more innovative, environmentally friendly and technologically advanced platform for Bangladesh's textile and ready-made garment (RMG) sector.
They added that the primary objective of the international exhibition is to establish Bangladesh as a globally recognised hub for sustainable textile and apparel manufacturing by integrating state-of-the-art machinery, artificial intelligence (AI) technologies, fashion trend showcases, networking opportunities, technology transfer, skills development, sustainability initiatives, investment promotion and international partnerships across the textile and RMG industries.
Speaking at the event, BGMEA President Mahmud Hasan Khan Babu said that although differences of opinion occasionally arise between garment and textile entrepreneurs, both sectors share the same goal.
"In some cases, issues arise regarding Proforma Invoices (PIs). …A joint arbitration team may be formed to ensure that neither party dishonours the Proforma Invoice (PI) or the Letter of Credit (LC)," he said.
BTMA President Showkat Aziz Russell said the association's biennial textile machinery exhibition, previously known as DTG, would become a larger, more meaningful and internationally recognised event through the partnership with BGMEA.
