India and Bangladesh Discuss Textile Sector Cooperation

DHAKA, Feb. 25 (NsNewsWire) — The first meeting of the Joint Working Group for Textile Cooperation will be held in Dhaka on 27th February 2014.

An MOU on Textile Sector collaboration was signed between India and Bangladesh in August, 2013 when Mr. Abdul Latif Siddique, the then Hon’ble Minister for Textiles and Jute of Bangladesh visited New Delhi on the invitation of his counterpart Dr. K. S. Rao, Minister of Textiles of India.

The MoU on Textiles sector collaboration, is a major trade facilitation mechanism and provides for collaboration in various areas such as Fashion Technology, Skill Exchange and Productivity Enhancement; Collaboration for Upgrading and Enhancing Production Efficiency, Management Techniques, Training, R&D etc; Technical Collaboration in Development of Textiles, etc.

A Joint Working Group on Textiles has been formed as an institutional collaboration mechanism for speedy implementation of the MOU. The Joint Working Group would work to develop collaborations between the textile institutions of the two countries such as the skill building institutions, fashion institutes and research institutions.

During the first meeting of the Joint Working Group, the continuation of the mandate of the International Jute Study Group, established under the United Nations Conference on Trade and Development (UNCTAD), whose term concludes in April 2014 would also be discussed.