The Bangladesh Garment Buying House Association (BGBA) held a meeting at its office with its members, chaired by BGBA President Abdul Hamid, to address the challenges facing the buying house sector and to plan ways of expanding into international markets.
According to the association, the discussion centred on overcoming sector difficulties, identifying new buyers and strengthening Bangladesh's position in the global apparel industry.
At the meeting, M. R. U. N. K. Lodi presented a proposal titled "National Fund for Buying House Export Sustainability and Market Expansion." The proposal and the discussion around it stressed greater participation in international trade fairs, systematic buyer development, market research and the promotion of Bangladeshi brands in global markets.
Key discussion points
- Expanding participation in international trade fairs and exhibitions.
- Simplifying sample development and presentation processes.
- Strengthening market research and identifying potential international buyers.
- Developing and promoting Bangladeshi brands in overseas markets.
- Enhancing the effectiveness of BGBA's relevant standing committees.
- Strengthening coordination among industry stakeholders to overcome existing challenges.
Members including M. D. Akhtaruzzaman, Najibul Haque, Mahbubur Rahman, Shahid Hossain, Khondker Jubayed Bin Obayed, Nazrul Islam and M. R. U. N. K. Lodi shared their insights, experience and recommendations during the session.
The BGBA president welcomed the initiative and thanked members for their efforts to develop practical solutions for the sector. He stressed the need for a realistic, phased approach, effective coordination, and engagement with relevant government authorities and the Export Promotion Bureau (EPB) to take the proposed initiatives forward.
BGBA said it remains committed to working collaboratively with its members and relevant stakeholders to strengthen the buying house sector, expand the country's international market presence and improve its competitiveness in the global apparel industry.