China-based apparel manufacturing entrepreneurs have been interested to establishing a garment factory in Bangladesh.
In this connection, a delegation comprised of Deng Peilei, Vice President of Handa Industries and Takashi Nakahashi, General Manager of MN Inter-Fashion Limited met with the Acting President of BGMEA Md. Shahidullah Azim at BGMEA Complex on Sunday and sought support of BGMEA to establish
Handa Industries is a China-based apparel manufacturing company. They have their own manufacturing units in China, Myanmar, and Egypt. They export more than 2 billion dollars worth apparels to the EU and Japan.
On the other hand, MN Inter-Fashion Limited is a Japanese buying house operating its business for more than six years in Bangladesh.
Deng Peilei said that Handa Industries is interested in to establish MMF-based fabric factory in Bangladesh. Since BGMEA is the apex association of Bangladesh RMG industry, they require necessary supports from BGMEA. They also talked about the market potential of MMF-based high-value-added apparel.
Acting President of BGMEA Shahidullah Azim said BGMEA has already prioritized the non-cotton segment particularly MMF, polyester etc. with utmost importance.
Since BGMEA envisages to export 100 billion dollars worth of apparel by 2030 as part of their strategic growth target, there will be huge opportunity in the non-cotton garment segment and backward linkage industries, where we need more foreign investments.
He said BGMEA will provide all-out support to any kind of foreign investment and joint ventures in the area of non-cotton.
Other officials from BGMEA, Handa Industries and MN Inter-Fashion Limited were present in the meeting
