HSBC showcases next step to growth for RMG industry
Business Desk :
The landscape of global trade is undergoing rapid and transformative shifts, presenting both challenges and opportunities for corporates seeking to navigate these changes.
The Hongkong and Shanghai Banking Corporation Limited (HSBC) recognize the importance of the role that supply chain strategies and structured trade finance play in this transformative process.
In line with this, HSBC Bangladesh recently organised an event titled ‘Supply Chain Reconfiguration and Structured Trade Finance’ for the apparel industry.
Along with the clients from textile and apparel sector, the event also saw the participation of Faruque Hassan, president, BGMEA; Jose Manuel Romay, deputy chief financial officer, Inditex SA, Madrid, Spain; Vinay Mendonca, chief growth officer, global trade and receivables finance, HSBC HQ; Md Mahbub ur Rahman, CEO of HSBC Bangladesh, and industry leaders.
There was also a panel discussion focusing on Bangladesh transformations in supply chain reconfiguration participated by Ziaur Rahman, regional country manager, H&M Group; ZahurAhmed, managing director, Apex Holdings Limited; Mohammed Abdur Rahim, vice chairman, DBL Group and Stuart Rogers, regional head of international markets, commercial banking, Asia-Pacific, HSBC.
Faruque Hassan, president of BGMEA, said: “We have proven our capability globally being the second largest apparel manufacturer with about 8% market share and retaining our position since 2010.
Now, we have a vision to grab 12% market share and grow our exports to $100 billion by 2030 through product, fiber and market diversification, innovation, technological upgradation, up-skilling our workers and continued focus on sustainability with around 200 LEED certified green RMG factories at present.”
“HSBC can play pivotal role to introduce innovative solutions and create awareness among Bangladeshi apparel exporters in view of changing market dynamics.
I welcome HSBC Bangladesh to explore more ways to collaborate with BGMEA, through sharing knowledge and information, capacity building on financial management, to continue to benefit our exporters in the coming days,” he added.
