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Bangladesh garment manufacturers invited to invest in Kyrgyztan

YarnsandFibers News Bureau 2018-01-15 15:00:00 – Dhaka

Temirbek Erkinov, Kyrgyzstan’s Honorary Consul appointed in Dhaka, during his meeting with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Siddiqur Rahman at the latter’s Dhaka office on January 9, 2018 placed the proposal of investing in readymade garment in Kyrgyztan.

Kyrgyzstan wants Bangladeshi apparel manufacturers to set up readymade garment factories there and has even invited businessmen for joint investment in developing the sector.

He assured Bangladeshi businessmen that Kyrgyzstan would provide all the needed assistance, be it in terms of providing land, gas, electricity and other infrastructural support if Bangladeshi apparel makers invest in the country.

At the meeting, they also discussion different bilateral issues, including possible scope of trade cooperation between the two countries. They expressed their keen interest to each other in terms of expanding business. They both expected that it would create a new gateway of business between the two countries.

The BGMEA President informed the Honorary Consul about the development and prospects of the garment industry in Bangladesh, and urged the Kyrgyz businessmen to import more apparel from Bangladesh.

Temirbek Erkinov called on Bangladeshi entrepreneurs for making mutual investment in different emerging sectors, including apparel industry in Kyrgyzstan.

In case of mutual investment, the Kyrgyz government will facilitate easy loan for the Bangladeshi investors who will also be able to take workforce from Bangladesh if they want. A business delegation from Bangladesh will be invited by the Kyrgyz Republic to visit Kyrgyzstan very soon.

The principal export products of Bangladesh to Kyrgyz are woven garments, knitwear and home textile etc. The import items from Kyrgyz include textiles, textile articles, glass and glassware etc.

It may be mentioned that Bangladesh exported total amount of US $0.04 million to Kyrgyzstan in 2016-17 and imported the amount of US $0.09 million in 2015-2016.

A business delegation of BGMEA is expected pay visit to the country in March/April.

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