Home / Knowledge / News / Apparel/Garments / India hikes quota on RMG imports from Bangladesh
India hikes quota on RMG imports from Bangladesh
25
Apr '11
India will increase the duty-free quota by 25 percent on export of clothing from Bangladesh to India. Along with which it will also remove duty on jute imports.

All this will help Bangladesh reduce the trade deficit in its trade with India, said the visiting Indian Minister of Commerce, Mr Anand Sharma after meeting his Bangladeshi counterpart, Mr Mohammad Faruk Khan in Dhaka.

Mr Sharma said, “We have removed countervailing duty on jute and hiked quota on readymade garments imports from Bangladesh from eight million to ten million.”

He added by saying, “Our engagement with Bangladesh and the growing economic partnership, will bring rewards for both countries, creating job opportunities and bring in prosperity and inclusive growth”.

However, reacting to the statement from Mr Sharma, Mr Khan said, “The 25 percent rise in the textiles quota is peanuts. I am pitching for 61 duty free items and am looking forward to it”.

The current bilateral trade between the two countries is around US $3.5 billion.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Asim Dalal
Indo Count Retail Ventures

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Larry L Kinn
Suominen Corporation

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
March 2017

March 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