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 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Siddharth Biyani
Mangalam Industries Pvt Ltd

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

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

Johan Berlin
InvestKonsult Sweden AB

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
January 2017

January 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