Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 303 Mon. April 04, 2005  
   
Business


Bangla-Danish firm launches e-marketplace for RMG today


A Bangla-Danish e-commerce company launches an internet-based e-marketplace today to facilitate the country's readymade garment (RMG) and textile sectors bringing local entrepreneurs close to European buyers and machinery suppliers.

Alliance TG-SUPPLY Limited (ATGSL), a joint venture between Alliance Holdings Limited of Bangladesh and Intraxite of Denmark, through its website will ensure better dealing procedure between the buyer and seller.

According to ATGSL's Regional Director, Lars Burkal, this website will help "factories in Bangladesh who are hungry to prove that they can compete in the post-MFA era," by giving them the opportunity to showcase their areas of specialisation.

By clicking www.tg-supply.com, any buyer and seller of readymade garment, stockholder, buying house, machinery and accessories will be able to collect their required information, submit order and do business via internet without having any physical movement from one place to another, said Adnan Anwar, president and CEO of Alliance Holdings Limited.

Danish Ambassador to Bangladesh Niels S Munk will inaugurate the website at a function at Dhaka Hotel Sheraton today.

The ATGSL will charge Tk 80,000 yearly to its user. Buyers or sellers profile -- feasibility, efficiency, productivity, quality, and code of compliance -- will be available on the database of the e-commerce.

The participation of seller and buyer on the e-commerce would be maintained at a proportion of 1:4.