Industry News
APTMA, BGMEA to Enhance Cooperation in Garment Manufacturing
LAHORE, PAKISTAN — All Pakistan Textile Mills Association (APTMA) and Bangladesh Garment Manufacturers & Exporters Association (BGMEA) have agreed to enhance cooperation in the field of garment manufacturing. An interactive session took place between APTMA North Zone and BGMEA Standing Committee on Utilization Declaration (UD) Automation.
Hamid Zaman, Chairman APTMA and Vice Chairman APTMA Asad Shafi apprised the meeting about the APTMA vision of boosting exports by setting up 1000 stitching units in Pakistan.
Asad said the Patron-in-Chief APTMA Gohar Ejaz has envisioned utilizing surplus yarn and fabric valuing about $3 billion in the local production of garments and other value-added textile products by establishing 1000 garments units each costing $7 million and giving employment to 700 workers.
He continued that this new addition of stitching units will have the potential to provide total employment to around one million people and additional exports of $210 billion leaving no need to beg all around the world for additional foreign exchange.
Asad said that the stitching revolution coupled with normal BMR and expansion will uplift total textile exports to $50 billion in the next five years. APTMA Chairman Hamid Zaman proposed an exchange of business delegations of both countries especially young entrepreneurs to learn from each other about modern techniques adopted by manufacturers of both countries.
Speaking on the occasion, Yasir Obaid gave a brief history of the evolution of the textile industry in Bangladesh role of the government, and efforts by Bangladeshi business persons in setting up industry on the modern lines and as per best practices of the world. He said that Bangladesh garment manufacturers have infused technology with production besides product diversification to obtain productive efficiency and increase their product basket.
.jpg)
He said that the Bangladeshi government has been proactive in supporting the garment manufacturers and exporters by providing facilities like bonded warehouses, duty-free import of raw materials, and setting up dedicated Industrial Police Units to ensure continuity of operations in total peace and tranquillity.
He said all the regimes in Bangladesh, irrespective of their political ideologies on difference, have shown unanimity on prioritizing industry since day one, as no government has ever created any impediment in its perpetual growth. He added that the garment sector in Bangladesh has always received a friendly response from government policymakers.
Also, he added, multiple training programs are being run both in the public and private sectors in a quite homogeneous Bangladeshi society where garment workers are as common as fast bowlers in Pakistan.
Source: Business Recorder, 2023
.jpeg)