Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Overseas Chinese Association in Bangladesh (OCAB) have launched a joint initiative to attract greater Chinese investment into Bangladesh’s ready-made garment (RMG) industry.
The initiative aims to strengthen backward-linkage industries, modernise the upstream supply chain, revive struggling factories and encourage Chinese-Bangladeshi joint ventures.
OCAB highlighted the need for increased foreign direct investment (FDI) to upgrade Bangladesh’s textile and garment supply chain, while BGMEA sees Chinese investment as an opportunity to enhance the sector’s capacity, technology and competitiveness.
