Business Desk :
Bangladesh Garment Buying House Association (BGBA) announced the signing of a Memorandum of Understanding (MoU) with Air8, a cross-border supply chain finance platform, to strengthen access to export financing for the textile industries in Bangladesh.
This partnership represents significant support for BGBA members by providing innovative working capital solutions and valuable global trade insights, says a press release.
The MoU was signed on Monday at the BGBA office attended by key committee members of BGBA, highlighting their shared commitment to fostering the growth of Bangladesh’s textile sector. Air8’s tech-driven supply chain finance platform will enable BGBA members to access affordable financing options and working capital management tools to overcome the unique challenges faced by the textile supply chain.
“We are excited to partner with Air8 to bring innovative financial solutions and to add value to our members,” said Md Mofazzal Hosen Pabel, President, BGBA. “In times of economic uncertainty, having access to reliable financing and insights from industry experts is crucial for our growth.
