India-Bangladesh trade connectivity will continue, says India's envoy
Strengthening India-Bangladesh Trade Ties Through Textiles
On February 4, in Dhaka, Bangladesh, Indian High Commissioner Pranay Verma emphasized the growing trade connectivity and economic engagement between India and Bangladesh. This was during an interactive session organized by the High Commission of India, Dhaka, with leaders from Bangladesh's textile sector.
Focus on Bharat Tex 2025
The session was held in anticipation of Bharat Tex 2025, a major global textile event in New Delhi from February 14-17, 2025. This event aims to unite key players from the textile industry, covering the entire textile value chain.
Importance of the RMG Sector
High Commissioner Verma highlighted the Ready-Made Garments (RMG) sector's role in Bangladesh's socio-economic development and its potential to enhance supply chain linkages with India. He expressed optimism that Bangladesh's participation in Bharat Tex 2025 would foster new opportunities for supply chain connections, investments, and technology partnerships.
Key Guests and Industry Leaders
The event featured Md. Anwar Hossain from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Mohammad Hatem from the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) as Guests of Honour. Special Guests included Faruque Hassan from BGMEA University of Fashion and Technology and Md. Jashim Uddin from Bengal Commercial Bank.
Bangladesh's industry representatives expressed enthusiasm for Bharat Tex 2025, anticipating that increased economic engagement with India would unlock new growth opportunities for their garment industry.
Doubts Revealed
High Commissioner
A High Commissioner is like an ambassador, but for countries that are part of the Commonwealth, a group of countries that were once part of the British Empire. Pranay Verma is India's High Commissioner to Bangladesh, meaning he represents India in Bangladesh.
Trade Connectivity
Trade connectivity means how easily and efficiently two countries can trade goods and services with each other. It involves things like transportation, communication, and agreements that make trading easier.
Textile Leaders
Textile leaders are important people in the textile industry, which involves making clothes and fabrics. In Bangladesh, this industry is very big and important for the country's economy.
Bharat Tex 2025
Bharat Tex 2025 is an event that will happen in New Delhi, India, focusing on the textile industry. It will be a place where people from the textile industry can meet, share ideas, and make business deals.
Ready-Made Garments
Ready-made garments are clothes that are made in factories and sold in stores, ready for people to wear. Bangladesh is one of the largest producers of these garments in the world.
Supply Chain Linkages
Supply chain linkages refer to the connections between different steps in making and delivering a product, from raw materials to the finished product. Strong linkages mean that these steps work well together, making the process faster and cheaper.
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