BGBA and Air8 Partner to Boost Textile Export Financing in Bangladesh

Bangladesh's BGBA has partnered with Air8 to boost textile export financing. The agreement aims to provide BGBA members with advanced working capital solutions and insights into global trade practices, promoting innovation, sustainability, and expansion in the textile sector. The partnership is designed to facilitate textile suppliers' access to liquidity and support sustainable advancement of Bangladeshi exporters.

Bangladesh's BGBA (Bangladesh Garment Manufacturers and Exporters Association) has entered into a strategic partnership with Air8 to enhance textile export financing. The agreement, signed on May 31, 2025, aims to provide BGBA members with advanced working capital solutions and insights into global trade practices, fostering innovation, sustainability, and expansion in the textile sector [1].

The collaboration, which includes joint initiatives to facilitate textile suppliers' access to liquidity, aims to enhance supply chain efficiency and support the sustainable advancement of Bangladeshi exporters. BGBA President Md Mofazzal Hosen Pabel expressed excitement about the partnership, stating, "We are excited to partner with Air8 to bring innovative financial solutions and add value to our members. In times of economic uncertainty, having access to reliable financing and insights from industry experts is crucial for our growth" [1].

Air8, established in 2021, has extended financing support to numerous suppliers internationally, achieving an annual gross merchandise volume (GMV) of over $1 billion. The integration of Air8's technology-driven financial platform will offer BGBA members access to cost-effective financing options and tools for managing working capital, addressing specific challenges within the textile supply chain [1].

The BGBA, a non-profit entity focused on self-regulation, plays a crucial role in advancing the growth of Bangladesh's Ready-Made Garment (RMG) sector by promoting international trade and industry collaboration. With Air8's technological expertise, BGBA members are expected to gain an improved competitive position and broaden their presence in international markets. The collaboration between members and Air8 is anticipated to lead to a more robust and innovative textile sector in Bangladesh [1].

References:
[1] https://finance.yahoo.com/news/bangladesh-bgba-air8-partner-boost-100800379.html