Beximco Textiles eyes US market via Africa
Beximco Textiles will send a high-level delegation to explore African markets to take advantage of the opportunities offered by a US law, a top company official said today.
The First Lady of Uganda, Ms. Janet Museveni, who paid a visit to Beximco Industrial Park at Kashimpur, Gazipur on Wednesday (June 8, 2005), invited Beximco officials to explore potentials offered by her country and the continent.
“We are honoured to accept the invitation and confirm that a top-level delegation from Beximco would visit Uganda in the near future,” said Syed Naved Husain, Beximco Textiles CEO and a Group director.
The Ugandan First Lady and her fellow visitors from Uganda were impressed to see South Asia's largest cotton to garment vertical textile complex with strong research and development facilities.
They saw the spinning, weaving, dyeing, finishing, stitching units, and particularly the design and product development centre catering to globally reputed brands and retailers.
“Uganda can benefit from the size, scale and expertise of Beximco,” Ms Museveni was quoted to have told Beximco officials.
Beximco hopes to benefit from US law
A US law, African Growth and Opportunity Act or AGOA, has brought down barriers to trade when it comes to doing business with African nations.
AGOA has led to an increase in exports, jobs, and an expansion of opportunity for Africans.
It has given American businesses greater confidence to invest in Africa, and encouraged African nations to reform their economies and governments to take advantage of the opportunities that AGOA provides.
The Beximco team will look into the possibility of enjoying such benefits through collaborative efforts in Uganda with an eye on the US market.
Ms. Museveni and her team also visited Shinepukur Ceramics Limited, another Beximco company, located in the industrial park.