Home / Knowledge / News / Apparel/Garments / B'desh garment exports to India to surge this fiscal
B'desh garment exports to India to surge this fiscal
23
Feb '12
Spurred by the duty-free access given to its garment items, Bangladesh's garment exports to India are likely to touch US$ 0.5 billion and its overall export volume to India is estimated to grow by almost two-fold to US$ 1 billion by the end of current fiscal, the Indo-Bangladesh Chamber of Commerce and Industry said.

Speaking on the sidelines of a Bangladesh, China, India and Myanmar (BCIM) Business Forum meeting held in Kolkata, Chamber President Abdul Matlub Ahmad informed that during last fiscal that ended on June 30, 2011, Bangladesh exported around US$ 500 million worth of goods to India, with an insignificant share of garment items.

However, pursuant to the Indian Prime Minister Manmohan Singh granting duty-free entry to 46 Bangladeshi textile and garment items in September 2011, Bangladeshi exports to India are growing and are likely to double by close of the current fiscal, he said. Bangladesh's garment exports to India are expected to rise to US$ 0.5 billion during the period, he noted.

Mr. Ahmad, who also heads the Nitol-Niloy Group as Chairman, is establishing two 100-acre Special Economic Zones (SEZ) in Bangladesh – a garment SEZ in Kishoregunj near Dhaka, and a multi-product SEZ at Chattak in Sylhet.

Mr. Ahmad revealed that the two industrial zones are mainly aimed at attracting Indian apparel manufacturers, and they are receiving positive response for the same.

Indian apparel producers now have an opportunity to team up with Bangladeshi firms and make Bangladesh their new low-cost production base, he added.

He said the joint-venture firms can ship their products duty-free to India and many other countries, from their Bangladeshi production base.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Messe Frankfurt

Textiles | On 24th Mar 2017

Over 3341 exhibitors participate in Intertextile Shanghai

More than 3,341 exhibitors from 26 countries and regions participated ...

Courtesy: Bebe

Apparel/Garments | On 24th Mar 2017

Bebe Stores exploring strategic alternatives

Bebe Stores has announced that its board of directors is exploring...

Apparel/Garments | On 24th Mar 2017

Tiruppur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner
Devereux

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

Igor Chapurin
Chapurin

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints 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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search