Bangladesh annually spends $3.5 to $4 billion on importing more than eight million bales of cotton
Brazil wants to increase the supply of cotton in the textile sector of Bangladesh by ensuring continuity and sustainability through strategic partnerships in Asia.
They aim to promote sustainability and also demonstrate Brazil as a reliable partner of high-quality and traceable cotton.
Cotton Brazil, an international market development programme for Brazilian cotton, certified by the Brazilian Cotton Growers Association (ABRAPA) said this at a sellers’ mission event in the capital on Tuesday.
The Brazilian business mission visited Bangladesh recently and met the officials of BTMA, BGMEA, Ministry of Industries, Cotton Development Board, and some prominent textile millers including Noman Group, MAS Group, NRG Group, ISRAQ Group, Viyellatex Group, Syed Group and Salma Group on June 14 in a hotel in the capital.
The event agenda also focused on Cotton Brazil’s commitment to ensuring short-term, medium, and long-term business continuity through its promotion of Brazilian cotton export.
Cotton Brazil aims to further increase its market share in key countries like Bangladesh and also plans to increase production capacity to meet Asia’s growing market demands.
