RMG manufacturers showcase tech, products to global buyers

Serai, the digital B2B platform by HSBC bank, recently ran a two-day virtual event that allowed Bangladeshi RMG manufacturers to showcase new technologies and products to make global buyers interested.

The interactive event, titled "Your new sourcing destination, Bangladesh", was participated by 14 Bangladeshi suppliers, presenting their products to over 30 international buyers and brands from Asia, Europe, Australia and North America.

Vivek Ramachandran, CEO of Serai, said, "Bangladesh is a key market for Serai and we believe in the potential of its RMG sector. Covid-19 has made it tough for local suppliers to connect with international buyers."

"This intimate and closed-door event is just one example of how Serai connects buyers, brands, suppliers and manufacturers globally to grow their business. Here, we provided a platform for Bangladeshi suppliers to showcase their latest products to buyers that are ready to do business" he added.

Registered buyers who are on Serai from countries including Australia, New Zealand, South Korea, United Kingdom, Germany, United States, Peru, and Hong Kong attended the event, with the objective to source for quality products from new markets.

"International buyers are looking for companies like us to connect with. Being able to showcase our products and potential of adding value to these brands have taken us one step closer in capturing a larger share of the global RMG market, especially in markets that we don't traditionally supply to," said Khaja Mynuddin Farhad, MD of Farkan tex Ltd, a manufacturer of woven garments based in the Chattogram Export Processing Zone (CEPZ).

A buyer, Lynda Ellis, director of Continental Textiles, a leading creator and distributor of wholesale ladies and men's loungewear, clothing, beachwear and accessories, based in the United Kingdom; said, "We're always looking to expand our portfolio of suppliers to work with. The variety presented during this sourcing event was great."

"Bangladesh has a lot to offer in terms of quality and a range of apparel goods. We are already in talks with some of the suppliers we met during the event and look forward to building closer relationships with the industry in Bangladesh," said Lynda.

Serai has amassed over 600 Bangladeshi apparel companies on its platform, including major manufacturers like FCI group, DBL group and Envoy Textiles. In total, the platform boasts over 3000 companies from over 60 countries including buyers from Australia, USA, UK and other European countries which heavily rely on RMG imports.