BSS
  27 Nov 2023, 20:42
Update : 27 Nov 2023, 20:43

Singapore delegation meets BGMEA President to explore bilateral trade,  investment opportunities 

 

DHAKA, Nov 27, 2023 (BSS) - A high-level delegation from the Singapore 
Ministry of Trade and Industry (MTI), Enterprise Singapore (ESG), and the 
Singapore Port Authority (PSA) met with Faruque Hassan, President of the 
Bangladesh Garment Manufacturers and Exporters Association (BGMEA), at the 
BGMEA Complex in the capital today.

The delegation was led by Sheela Pillai, ChargŠ d'Affaires at the Singapore 
High Commission in Dhaka, the delegation included key officials such as Dr 
Francis Chong, Senior Director (Emerging Markets) MTI; Ms. Audrey Tan, 
Director, Global Markets (South Asia), ESG; Uma Muniandy, Deputy Director 
(Emerging Markets) MTI; Vann Ang, Senior Assistant Director (Emerging 
Markets) MTI; Arjun Jayaraman, Assistant Director (Emerging Markets) MTI; 
Alfred Sim, Vice President, Lim Wei Chiang, Assistant Vice President, and 
Mohammad Abdullah Jahir, Deputy Country General Manager from Singapore Port, 
said a press release.

From BGMEA, Shahidullah Azim, Vice President; Miran Ali, Vice President; Asif 
Ashraf, Director, Neela Hosna Ara, Director; Shovon Islam, Chair of Standing 
Committee on Press, Publication and Publicity; and Mohammad Kamal Uddin, 
Chair of Standing Committee on Trade Fair were present at the meeting. 

The objective of the meeting was to explore avenues for expanding trade and 
investment collaboration between Bangladesh and Singapore. The delegation 
emphasized the importance of supporting and collaborating on the development 
of infrastructure and logistics, particularly enhancing the capabilities and 
efficiency of ports in Bangladesh to facilitate seamless export-import 
activities.

BGMEA President Faruque Hassan highlighted Bangladesh's expanding economy and 
its increased focus on infrastructural development to meet the growing 
demands of trade and industries. 

Improved infrastructure along with investment friendly support provided by 
the government has led to the growing interest of foreign investors. 

Faruque suggested that Singaporean investors could consider investing in 
different emerging sectors of Bangladesh like textile machinery, man-made 
fiber and technical textiles, recycling industry, light engineering, and 
shipbuilding.

He also pointed to the potential of Singapore as a potential market for 
Bangladeshi garment exports, calling on their support in exploring the market 
opportunities.

The meeting concluded with mutual optimism and a commitment to further 
explore concrete steps that will contribute to the growth of garment trade 
between Bangladesh and Singapore.