Home / Knowledge / News / Apparel/Garments / Bangladesh garment exports to India rise sharply
Bangladesh garment exports to India rise sharply
03
Dec '11
Readymade garment (RMG) exports from Bangladesh to India have risen considerably within two months of India granting trade concessions in the form of duty-free and quota-free access for 46 Bangladeshi RMG items in September this year.

The trade concessions for Bangladeshi RMG exports to India were announced by Indian Prime Minister Manmohan Singh during his last visit to Dhaka on September 6 and 7, 2011.

Garment producers of Bangladesh booked orders for readymade garments worth more than US$ 90 million from India during September and October this year, which is considerably high compared to last fiscal's RMG exports to India worth US$ 360 million.

Following the positive trend, the Bangladeshi RMG exporters, who are still in talks with Indian buyers, expect to continue receiving increasing number of orders in future also.

Some of the traders, who paid a business visit to India last month to explore business prospects, believe that RMG exports to India are likely to exceed the two billion USD mark over next three years.

Further, as export of garments and allied items from Bangladesh is growing, following India's move of curtailing its sensitive list from 480 to just 25 items, the overall trade gap between the two countries is also expected to reduce at a faster pace.

Kidswear, jeans, pants, shirts, skirts, blouses, cotton nightwear, tracksuits and swimwear are all included in the list of 46 garment items which have been granted duty free access to India.

Over the past few years, garment producers in Bangladesh have become more competitive as compared to their Indian counterparts, in spite of Bangladesh lacking internal source of raw inputs.

Moreover, Bangladeshi apparel industry also enjoys a comparative benefit over the Chinese garment industry with respect to some specialised woven and knitwear items.

Bangladesh's overall garment exports including that for woven and knitwear items grew by 43.35 percent to around US$ 18 billion during last fiscal, while the target for the current fiscal has been fixed at US$ 20.29 billion.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Rieter

Textiles | On 22nd Aug 2017

Rieter unveils new generation of RDB-D 50 draw frame

Rieter, a producer of textile machinery and automobile components,...

Courtesy: Alizilla

Textiles | On 22nd Aug 2017

‘New Retail’ strategy Alibaba’s focus in next 15 years

Alibaba executive vice chairman Joe Tsai has said that the next 15...

Courtesy: Eurovet/ Interfiliere Shanghai

Textiles | On 22nd Aug 2017

Interfiliere Shanghai to focus on textile printing

Interfiliere Shanghai, the leading trade show for intimates,...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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