Bangladesh-based Vision Group and Indian apparel major Shahi Exports Pvt. Ltd. have signed a US $30 million annual partnership agreement aimed at strengthening regional cooperation in the ready-made garments (RMG) sector.
The agreement, signed through a Memorandum of Understanding (MoU), reflects growing collaboration between the apparel industries of Bangladesh and India as both countries seek to expand sourcing, manufacturing and export opportunities in global markets.
The MoU was signed at Vision Group’s office in Savar by AHA Gaffar and Poorana Seenivasan, representing their respective organisations. Senior executives from both companies attended the signing ceremony, including Vision Group chairman ASM Mahfuz and managing director AKM Hamid.
Officials from both companies described the partnership as a significant step towards enhancing regional cooperation in the textile and apparel sector. They said the collaboration would support supply chain integration, sourcing capabilities and international market expansion initiatives for both businesses.
According to the companies, the partnership will primarily target export markets such as the United States, Australia and Canada. The product portfolio is expected to include a broad range of apparel categories, particularly tops and bottoms tailored for global buyers.
Gaffar stated that the agreement represented the beginning of a long-term regional partnership focused on trust, quality and shared growth. He added that the collaboration was expected to create new opportunities in the global apparel market while strengthening Bangladesh’s position as a reliable sourcing destination.
Seenivasan said the partnership had been signed to support business expansion through collaborative operations between the two companies.
Industry stakeholders view the agreement as a positive development for South Asia’s apparel sector, highlighting the increasing importance of cross-border partnerships in improving competitiveness, driving innovation and supporting sustainable growth in the global fashion supply chain.
Established in 1995, Vision Group is one of Bangladesh’s leading manufacturers and exporters of woven and knit apparel products, while Shahi Exports is among India’s largest apparel exporters with an extensive manufacturing presence across the country.
