Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Worldex India have partnered to boost the textile and apparel sector by bringing together suppliers and exporters of raw materials, chemicals, machinery, textiles, and apparel through trade shows.

The move aims to take advantage of the potential for mutual trade between the two countries. While Bangladesh hopes to sustain its growth in high-value-added apparel, India seeks to enhance its textile exports. Given their geographical proximity and complementary demand-supply match, both nations stand to benefit from this partnership. By increasing business interactions, BGMEA and Worldex India aim to establish a strong platform for a more robust trade relationship between Bangladesh and India in the coming years.

According to data from the World Bank, Bangladesh's apparel exports amounted to $26.39 billion in 2020, while India's textile exports were valued at $26.8 billion. This indicates that both countries are key players in the global textile and apparel industry. Moreover, the two nations share a long-standing trade relationship, with India being Bangladesh's largest trading partner, accounting for 10.5% of its total trade in the fiscal year 2019-2020.

The collaboration between BGMEA and Worldex India could open up new avenues for trade and investment in the textile and apparel sector. Trade shows offer an opportunity for businesses from both countries to connect and explore potential partnerships and collaborations.

Additionally, Bangladesh's focus on high-value-added apparel aligns with its efforts to move up the value chain in the sector. The collaboration with India, which boasts strength in raw materials and chemicals, could support Bangladesh in producing more sophisticated and high-quality garments.

World India is organizer of Intex South Asia shows in India, Bangladesh Intex show is scheduled to be held between June 22-24 at ICCB Dhaka.