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

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

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

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Eamonn Tighe
Nature Works LLC

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Igor Chapurin
Chapurin

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

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

July 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

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

Yes No

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

Yes No

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


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



X