BGMEA seeks Korean investment in non-cotton textiles
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today urged the Korean businesses to invest in non-cotton textiles, man-made fibre (MMF) based yarns and fabrics, functional fabrics like polyester, viscose, spandex and mélange.
BGMEA President Faruque Hassan made the call in a meeting with Korean Ambassador to Bangladesh Park Young Sik at the BGMEA office in Dhaka.
In the meeting, Hassan highlighted the growing interests of Bangladesh's garment industry in diversifying into non-cotton products, including high-value fashion items based on MMF and technical textiles, according to a statement from the BGMEA.
Bangladesh is a promising destination for Korea to ship its MMF, textile machinery, chemical dyes and other raw materials while Korea is a potential garment export market for Bangladesh, Hassan said.
So, there are mutual benefits for both the countries, he said.
The BGMEA chief apprised the envoy of the association's initiative to organise Bangladesh Apparel Summit in Korea in November 2023 and sought his support in this regard.