Business Report :
A visiting delegation from Jiangsu Soho Holdings Group Co Ltd engaged in discussions with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) regarding potential collaborations and investment opportunities in the textile and apparel sector.
The delegation led by Zhou Yong, chairman of Jiangsu Soho Holdings Group met the BGMEA team headed by its Senior Vice President Khandoker Rafiqul Islam at the BGMEA complex on Wednesday.
BGMEA leaders provided an insightful overview of Bangladesh’s thriving apparel industry, highlighting its notable transition towards high-value garments, especially those made from man-made fibers. They emphasised promising investment opportunities within Bangladesh, particularly in the high-end textile sector and its associated backward linkage industries.
With the demand for man-made fibres on the rise in Bangladesh, BGMEA leaders stressed the mutual benefits that Chinese investment in this sector would bring, citing reduced costs, shorter lead times, and alignment with growing market demand.
Furthermore, BGMEA leaders underscored the importance of investment in textile technologies and the recycling industry, expressing interest in knowledge exchange and technical expertise support from Jiangsu Soho Holdings Group to enhance the capabilities of Bangladeshi companies.
