Desk Report: BGMEA President Faruque Hassan called upon Li & Fung to increase sourcing garments, especially value-added products from Bangladesh. He also requested Li & Fung to explore avenues of how they could collaborate with their suppliers in developing high-end products including man-made fibre-based apparels, home textiles and other products, and source those products from Bangladesh.
He made the request to Spencer Fung, Executive Chairman of Li & Fung, who paid a visit to BGMEA on November 23. Chair of BGMEA Standing Committee on Press, Publication and Publicity Shovon Islam was also present at the meeting.
During the meeting, they discussed various trade-related issues, including the global apparel market situation and Li & Fung’s plans of business expansion in Bangladesh.
They also talked about how Li & Fung could collaborate with BGMEA to strengthen the capability of the Centre of Innovation, Efficiency and Occupational Health and Safety (CEOSH).
Their discussions also included possible scope of Li &Fung’s cooperation to develop knowledge and skills of students of BGMEA University of Fashion and Technology (BUFT).
Faruque Hassan said Bangladesh is increasingly focusing on moving up the value chain by diversifying products and upgrading technologies.
Li & Fung could work together with their suppliers to develop innovative products and expand their business base in Bangladesh, he said.