DHAKA, Sept 14, 2023 (BSS) - The Dhaka Stock Exchange Ltd. (DSE) and the
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have
signed a memorandum of understanding (MoU) to foster collaboration and
support the country's readymade garment sector in accessing capital market
services.
 
Under this MoU, DSE and BGMEA aim to assist RMG enterprises in raising
capital from both domestic and international sources by leveraging the
various products and features offered by the capital market platform provided
by DSE, said a press release.
 
Faruque Hassan, President of BGMEA, and M Shaifur Rahman Mazumdar, Managing
Director (Acting), DSE signed the MoU on behalf of their respective
organizations at BGMEA Complex the capital's Uttara area.
 
BGMEA Vice President Shahidullah Azim, Director Mijanur Rahman, Chair of
BGMEA Standing Committee on Press, Publication and Publicity Shovon Islam,
Chair of BGMEA Standing Committee on Trade Fair Mohammed Kamal Uddin, Chair
of BGMEA Standing Committee on UD-Woven & Knit Md Nurul Islam were present at
the MoU signing ceremony.
 
Professor Dr Hafiz Md Hasan Babu, Chairman, DSE; Md Shakil Rizvi, Director,
DSE; and Sharif Anwar Hossain, Director, DSE were also present.
 
DSE and BGMEA have agreed to jointly organize training sessions, seminars,
and workshops with a particular focus on entrepreneurship for RMG companies.
These programs will address key areas such as corporate governance, capital
restructuring, and fundraising.
 
DSE and BGMEA will arrange specialized training programs for RMG company
officials, equipping them with knowledge and insights into different aspects
of the capital market.
 
The partnership aims to support garment factories in capacity development in
high-end products, technologies and circularity through funds offered in the
capital market.
 
Both parties will collaborate to promote green and sustainable practices
within the RMG sector. They will exchange knowledge and experiences related
to Leeds Certified or green RMG companies, contributing to the development of
a green economy.
 
DSE and BGMEA will work closely with RMG companies to help them achieve
Environmental, Social, and Governance (ESG) standards and facilitate
sustainable financing.