BGMEA President Faruque Hassan has called on Australian investors to explore business potentials and investment opportunities available in Bangladesh.

With a young population, growing infrastructure, and favorable business policy and climate, Bangladesh has appeared an attractive and ideal place for investment, he said. 

He made the call while speaking at a networking event organized by the Bangladesh High Commission in Australia on the occasion of a visiting delegation of BGMEA in Four Seasons Hotel in Sydney on July 21.

Australian businessmen, investors, buyers and other stakeholders attended the event where they were briefed by the BGMEA delegation about potential trade and investment opportunities in Bangladesh.

Bangladesh High Commissioner to Australia H. E. M Allama Siddiki also spoke at program where he emphasized on the need for further strengthening collaboration between Bangladesh and Australian to translate trade and investment opportunities into a reality. 

BGMEA Vice President Shahidullah Azim, former Vice President Md. Moshiul Azam Shajal, Chair of BGMEA Standing Committee on Press, Publication and Publicity Shovon Islam, Chair of BGMEA Standing Committee on Foreign Mission Cell Shams Mahmud, CEO of HSBC Bangladesh Md Mahbub ur Rahman and Director of Rose Intimates Limited Sanjay Kumar Naha were also present at the event.

In his address, BGMEA President Faruque Hassan said Bangladesh has transformed itself from an aid-dependent to a trade-dependent economy, and actively looks forward to broadening trade horizons through strengthening partnership with foreign traders and investors. 

As the economy of Bangladesh is expanding, opportunities have increased in different industrial sectors such as ICT, electronics, light engineering, textile, leather etc, he added.

Asif Ashraf, Director, BGMEA, made a presentation on the readymade garment industry of Bangladesh with focus on how the sector has made vast progress in workplace safety, environmental sustainability and workers’ wellbeing.

He also shared with the audience how the industry has invested in technology upgradation and skills development to develop capabilities in manufacturing high-value products, especially those made from MMF and technical textiles.

BGMEA President Faruque Hassan urged Australian buyers to increase sourcing of apparels, especially high-end segment from Bangladesh.