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

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search