Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan called Australian investors to explore business opportunities and investments in Bangladesh. He said “Bangladesh is an attractive and ideal place for investment due to its young population, growing infrastructure and favorable business policy and climate.”
BGMEA reported this information on Monday (July 24).
Faruque Hassan made this call at a networking event organized by the Bangladesh High Commission in Australia with a visiting delegation of BGMEA at Sydney’s Four Seasons Hotel recently.
Australian businessmen, investors, buyers and other stakeholders attended the event where the BGMEA delegation informed them about potential trade and investment opportunities in Bangladesh. High Commissioner of Bangladesh in Australia M Allama Siddiqui also spoke on the occasion.
BGMEA President Faruque Hassan said in his speech that Bangladesh has transformed from an aid-dependent to a trade-dependent economy. Businessmen of this country are looking forward to increase trade by strengthening partnerships with foreign businessmen and investors.
He also said that with the expansion of the economy of Bangladesh, opportunities have increased in the industrial sectors of ICT, electronics, light engineering, textiles, leather etc.
The BGMEA president urged Australian buyers to increase sourcing of Bangladeshi garments, especially the high-end segment.
Asif Ashraf, Director, BGMEA gave a presentation on Bangladesh’s ready-made garment industry. The presentation focused on how the sector has made huge strides in workplace safety, environmental sustainability and worker welfare.
Shahidullah Azim, vice-president, BGMEA; Md. Moshiul Azam Sajal, former vice-president, BGMEA; Shobhan Islam, Chairman of BGMEA Standing Committee on Press; Shams Mahmud, Chairman, BGMEA Standing Committee Foreign Mission Cell; Md.Mahbub ur Rahman, CEO of HSBC Bangladesh and Sanjay Kumar Naha, Director of Rose Intimates Limited were also present at the networking event.
