BGMEA eyes more Taiwanese investment in RMG sector

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has called for more investment from Taiwan in the country’s ready-made garment (RMG) sector.

A delegation of Taiwan Textile Federation (TTF), led by its President Justin Huang, held a meeting with the BGMEA Administrator Anwar Hossain to discuss collaborative trade and investment opportunities at the BGMEA Complex in the capital’s Uttara on Saturday, reads a press release.

Representatives from the Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA) and Bangladesh Export Processing Zones Authority (BEPZA) were also present at the meeting.

The discussion covered various trade-related issues, including the current market situation of ready-made garments, global trends, challenges, opportunities, and more.

During the meeting, the potential for knowledge and skill sharing in areas such as technological adaptation, capacity building, innovation, resource efficiency, and circularity within the apparel and textile industries through cooperation were highlighted.

Both sides also discussed how they could collaborate to identify potential trade and investment areas and capitalise on opportunities in the textile and apparel sectors.

BGMEA Administrator Mohammad Anwar Hossain laid emphasis on Bangladesh’s increasing focus on boosting non-cotton and high-value garment production.

He stated that BGMEA is making every effort to facilitate sustainable growth in Bangladesh’s garment industry through the shift from cotton-based products to non-cotton items, particularly man-made fibre-based products.

In this regard, Taiwan could consider investments in non-cotton textiles, technical textiles, woven textiles, skill development, and innovation in Bangladesh.

He encouraged Taiwanese businesses to invest in these areas, either directly or through joint ventures. Both sides expressed optimism about working together to achieve mutual benefits in the apparel and textile sectors.