Desk Report: Newly elected President of Bangladesh Cotton Association (BCA) Muhammad Ayub termed on BGMEA President Faruque Hassan at BGMEA’s PR office in Gulshan, Dhaka on February 9. They experienced conversations about the present-day predicament of the world cotton marketplace which includes need, offer and rate stability and also the problem of diversifying cotton sourcing.
They expressed willingness to get the job done jointly to evaluate intercontinental cotton industry condition in conditions of potential desire and offer so that the spinning and the RMG industries make their small business programs accordingly. BGMEA President Faruque Hassan congratulated the new BCA management and hoped they would get the job done in collaboration with stakeholders for strengthening the cotton offer chain for the RMG and textile sector.
He urged the association leadership to stimulate their users in importing good excellent cotton as material good quality depends on cotton excellent. He also termed on the BCA to examine ways to maximize cotton production in Bangladesh to meet the developing demand of area market place. Cotton is the main feedstock of the export-oriented garment export industry in Bangladesh as 75% of the whole exported clothes are created from cotton. Bangladesh is the 2nd biggest cotton importer in the planet