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: Business wire

Textiles | On 28th Jul 2017

Taiwan launches new products at Outdoor Retailer show

The Taiwan External Trade Development Council (TAITRA) hosted the...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Fashion | On 28th Jul 2017

Kering’s first half consolidated revenue up 28.2%

Kering has announced a consolidated revenue of €7,296.2 million for...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

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

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Kai Poehler
Voith Paper GmbH & Co. KG

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prathyusha Garimella
Prathyusha Garimella

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

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
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

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
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

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
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


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



X