Home / Knowledge / News / Apparel/Garments / PM urged to push for duty-free RMG exports to India
PM urged to push for duty-free RMG exports to India
02
Sep '11
Bangladeshi Prime Minister Sheikh Hasina has been requested by the readymade garment (RMG) producers to carry forward the talks to earn duty-free access for export of RMG items to India, during the two-day visit of Indian Prime Minister Manmohan Singh to Dhaka beginning September 6.

The Indian PM is likely to sign around 8-10 protocols and Memorandum of Understanding during the visit.

Bangladeshi RMG exports will grow manifold if the Indian Government permits Bangladeshi garment producers to duty and quota-free export their goods to India.

Presently, India does not allow duty-free access to 480 Bangladeshi products, 154 of which are RMG items including 76 woven and 78 knitwear items.

Bangladeshi exports to India grew by around 100 percent to Tk 10.77 billion during the first quarter of current calendar year as compared to export of Tk 5.48 billion during the corresponding period last year.

This rise in exports was owing to India's decision of raising the earlier limit of eight million pieces of duty-free import to 10 million apparel pieces from the current year.

In India, there are around 450 million people belonging to the middleclass, with an estimated domestic apparel market size of US$ 30 billion.

Even if Bangladesh could cater to 10 percent of India's overall demand it would come to three billion USD and this could help bring down the trade gap.

The Bangladeshi RMG exporters are capable of meeting the demands of Indian customers by offering superior quality products at affordable prices. Moreover, the geographical location of Bangladesh also facilitates mutual trade between the two nations.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search