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The Southern India Mills’ Association

Committed to Foster the Growth of the Textile Industry

FBCCI to explore investment, export opportunities in Africa

The decision was taken in a meeting of the Standing Committee on the Ministry of Foreign Affairs on Saturday, said the Federation of Bangladesh Chambers of Commerce and Industry or FBCCI in a statement.
The statement said the FBCCI leaders will visit Africa soon to explore scopes for contract farming in agriculture and other sectors. They are also keen to take land on lease and invest in farming in the African countries particularly in Uganda, Ethiopia, Ghana, Liberia and Senegal. The business leaders will also explore markets for readymade garments, pharmaceuticals, jute and jute goods, cement, plastic goods and ceramic products in the African markets.
Standing Committee Chairman Abul Hossain presented a detailed plan of the committee at the meeting. He is also Honorary Consul of Uganda in Bangladesh. Bangladesh exported a total of $78.61 million worth of knitwear in Africa in 2016. Bangladesh is far behind China, India and Mauritius in exports to the region. Bangladesh is the world’s second largest garment exporter, but fourth in Africa.