Home / Knowledge / News / Apparel/Garments / Bangladesh keen to enter Indian domestic apparel market
Bangladesh keen to enter Indian domestic apparel market
11
Jan '10
A 12-member delegation from Bangladesh met officials of the Apparel Export Promotion Council (AEPC) to explore the possibility of penetrating Indian domestic market.

The delegation included two members of Parliament and senior representatives of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers and Exporters Association(BKMEA) and Bangladesh Textile Mills Association (BTMA).

Mr Siddiqur Rahman, vice-president (finance) of the BGMEA, said Bangladeshi manufacturers are keen to corner 10 per cent share of India's growing domestic apparel market. This will increase Bangladesh's 10.9 billion dollar annual garment exports by another two billion dollars. Quoting a survey by US-based multinational Wal-Mart, he said an average middle class Indian spends Rs 2,500 a year on clothes.

AEPC members and officials extended their willingness to help the Bangladesh garment industry in terms of technical education -- especially with a facility exchange programme of Bangladesh Institute of Fashion Technology.

The visitors said Bangladesh requires India's single count yarns and India needs Bangladesh support to meet the booming Indian retail sector. Also, Bangladesh is a competitive manufacturing base for textile and clothing, they added. India has a good raw material supply and excellent design capabilities while Bangladesh has the advantage of cheap labour and is strong in knitwear.

In April 2008, India had issued a notification allowing duty-free import of eight million pieces of garments from Bangladesh. The Bangladesh delegation looked for deeper engagement than this concession, for which they called for neutralisation of the excise duties applicable to Bangladesh imports.

Replying to this, AEPC's former chairman Rakesh Vaid said the move will further distort the level-playing field between domestic manufacturers who are subjected to similar excise duties and Bangladesh imports. This is because of huge wage differential which already exists between garment factory workers of the two countries, he said.

Among those present in the meeting were AEPC's senior vice-chairman Praveen Nayyar, secretary general Vimal Kirti Singh and deputy secretary general Vijay Mathur.

Indian textile and clothing markets accounts for 39 billion dollars which is expected to grow to 110 billion dollars by 2025. Of this, the clothing sector accounts for 27 billion dollars. Garments worth 11 billion dollars are exported from India each year.

The AEPC represents about 8,000 small, medium and large exporters.

Apparel Export Promotion Council

Must ReadView All

Courtesy: BGMEA

Apparel/Garments | On 27th Feb 2017

'Brands & buyers should help Bangladeshi factory owners'

Brands and buyers should come forward to help factory owners in...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: PT Indonesia Taroko Textile

Textiles | On 27th Feb 2017

Taiwan's Lealea to buy Tarako textile plant in Indonesia

Taiwan based textile manufacturer Lealea Enterprise Company, one of...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Kai Poehler
Voith Paper GmbH & Co. KG

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Madhu Jain
Madhu Jain

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

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
February 2017

February 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