Home / Knowledge / News / Apparel/Garments / Bangladesh RMG exporters suffer as Indian firm defaults
Bangladesh RMG exporters suffer as Indian firm defaults
22
Nov '12
More than twenty readymade garment (RMG) exporters from Bangladesh are suffering due to non-payment by an Indian firm for goods purchased by it.
 
Mr. Abdus Salam Murshedy, president of Exporters Association of Bangladesh (EAB) told fibre2fashion, “Though we were having a good trade relation with India, the uncertainty in receiving payments from an Indian importer has created a barrier in the relationship.”
 
“The Indian kidswear retailer had imported garments worth US$ 5 million from 22 Bangladeshi firms, but it has so far made payment only for apparels worth US$ 500,000”, he adds.
 
Mr. Mushedy further says, “The company had earlier assured us that all the payments will be made by January 2012, but it has not made any payment in the last one year.”
 
“This issue has put a break in RMG exports to India since Bangladeshi garment manufacturers have lost their confidence to continue the trade-relation with the country”, he opines.
 
In September last year, the Indian Government extended duty free access for 46 Bangladeshi textile goods to India, which resulted in 80-90 percent increase in import of Bangladeshi garment products by India, according to Mr. Murshedy.
 
Mr. Murshedy ends on an optimistic note saying, “Both the countries must sort out the existing problem and we want to build up a good relation with India”.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: BekaertDeslee

Textiles | On 23rd Oct 2017

BekaertDeslee to expand North American facility

BekaertDeslee, one of the largest manufacturer of mattress textiles...

Courtesy: A&E

Textiles | On 23rd Oct 2017

A&E unveils Magic using Repreve sewing thread

American & Efird (A&E), a leading developer of industrial and...

Courtesy: Messe Frankfurt

Textiles | On 23rd Oct 2017

Over 4,000 exhibitors attend Intertextile Shanghai 2017

Another successful Intertextile Shanghai Apparel Fabrics has wrapped...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra
Huemn

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

Bani Batra

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

October 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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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