The Bangladesh Garment Buying House Association (BGBA) held a meeting with its members at its office, chaired by BGBA President Abdul Hamid, to examine the difficulties facing the buying house sector and to look for ways of widening its reach in international markets.
The association said the session covered overcoming sector challenges, expanding into overseas markets, identifying new buyers and reinforcing Bangladesh's standing in the global apparel industry.
Proposal for a national export fund
During the meeting, M. R. U. N. K. Lodi presented a proposal titled "National Fund for Buying House Export Sustainability and Market Expansion." Discussion around it stressed more active participation in international trade fairs, systematic buyer development, market research and the promotion of Bangladeshi brands abroad.
Points raised by members
- 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.
The BGBA President welcomed the initiative and thanked members for working on 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 with its members and relevant stakeholders to strengthen the buying house sector, widen the country's international market presence and improve its competitiveness in the global apparel industry.