×
228
Fashion Jobs
MARAL OVERSEAS LIMITED
General Manager _ Accounts
Permanent · Noida
RANG BANDHEJ RETAIL PVT. LTD.
Accounts Executive
Permanent · Ahmedabad
SMART CONSULTANCY SERVICES
vp/General Manager (Operations)
Permanent · Chennai
TECHNOVALUE SOLUTIONS PVT. LTD
Senior Sales Engineer / Area Sales Manager
Permanent · Baddi
TOUCH MOBILES
Wanted Area Sales Manager - Touch Mobiles
Permanent · Khammam
OAKBRIDGE PUBLISHING PVT LTD
Area Sales Manager
Permanent · Pune
AVANTOR
sr. Account Manager- Lab Products
Permanent · Kolkata
ANTLIA FINTECH PRIVATE LIMITED
Area Sales Manager
Permanent · Prayagraj
EXTRAMARKS EDUCATION
Area Sales Manager- B2B
Permanent · Hyderabad
ERA UNIVERSITY (ERA EDUCATIONAL TRUST)
Production Manager- Lucknow
Permanent · Lucknow
RENOVATE BIOLOGICALS PVT LTD
Area Sales Manager
Permanent · Hyderabad
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
sr. Area Sales Manager / Territory Sales Manager - Fmcg Personal Care
Permanent · Purulia
NASCENT INFO TECHNOLOGIES PVT. LTD.
Sales Manager(Egovernance Software Solutions)
Permanent · Ahmedabad
MOTILAL OSWAL FINANCIAL SERVICES
Opening For Territory Manager B2B Sales - Mumbai
Permanent · Navi Mumbai
FORTUNE HR SOLUTIONS
Merchandising Manager
Permanent · Chennai
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
By
Fibre2Fashion
Published
Mar 1, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

International Chamber of Commerce (ICC): ‘International factoring vital for Bangla foreign trade'

By
Fibre2Fashion
Published
Mar 1, 2016


International Chamber of Commerce (ICC)-Bangladesh has stressed on international factoring as vital for foreign trade at its recently organised training at Dhaka. The training was jointly organised by Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and ICC-Bangladesh, according to BGMEA website.


International Chamber of Commerce (ICC)-Bangladesh has stressed on international factoring as vital for foreign trade.



Hedayetullah Al-Mamoon, senior secretary, ministry of commerce, inaugurated the training as a chief guest. He acknowledged ICC-Bangladesh president Mahbubur Rahman for their role to act as a catalyst between the banking and business sector.

Addressing the training programme, Mamoon said factoring is very vital for international transaction and in Bangladesh export earning is growing rapidly. Letter of credits (L/C), a popularly used international trade payment method in Bangladesh, is becoming less interested to importers because of more formalities and costing. Importers are rather more interested to import under open account terms which involves risk. However, international factoring removes the danger of open account trade.

ICC-Bangladesh banking commission chairman Muhammad A Rumee Ali in his welcome speech said BGMEA has set a target for the textile sector to reach $50 billion export by 2021 and the international factoring will help minimise the export cost, making the payment system smooth and modern. 

BGMEA vice president Mohammed Nasir said in the next five years, in the world market readymade garments demand will be $650 billion, so there are enormous opportunities for Bangladesh to avail the opportunity. The training would enrich the knowledge and expertise of the participants in international factoring which is a modern payment method in the global trade, he added.

Prashanta Kumar Banerjee, professor and director of Bangladesh Institute of Bank Management (BIBM), Lee Kheng Leong, Asia director, Factor Chain International (FCI) and ICC-Bangladesh secretary general Ataur Rahman also spoke at the inaugural session. A total of 118 participants from various export houses attended the training.

Copyright © 2022 Fibre2Fashion. All rights reserved.