Home / Knowledge / News / Textiles / 'India is largest source of cotton for Bangladesh'
'India is largest source of cotton for Bangladesh'
11
Mar '16
Courtesy: Bangladesh India Cotton Fest 2016
Courtesy: Bangladesh India Cotton Fest 2016
India is the largest supplier of cotton to Bangladesh's textile industry and around 50 per cent of Bangladesh's total cotton imports were made from India last year, according to Bangladesh Textile Mills Association (BTMA).

“India has become the single largest source of cotton import for Bangladesh due to quick shipment, better quality, price competitiveness and settlement of dispute in a relaxed manner,” Tapan Choudhury, president of BTMA said in a media briefing prior to the Bangladesh India Cotton Fest 2016 to be held on 12 March at Dhaka.

Bangladesh imported around 6 million bales of cotton in 2015, out of which approximately 3 million bales were imported from India. In 2014, the country imported around 5.8 million bales of cotton in total. Approximately 2.92 million bales were from India.

Talking about the fest, Choudhury expressed confidence in the fest further enhancing trade relations between the two countries by providing the cotton buyers and sellers a platform to meet. It will also ensure uninterrupted cotton supply to Bangladesh.

The fest will also play a role in dispute settlements between the buyers and sellers of the two countries.

The event is supported by the two major trade bodies – Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and India-Bangladesh Chamber of Commerce and Industry (IBCCI).

It will also enable them improve their supply chain with trust and reliability.(MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Lok Sabha approves 4 supplementary GST legislations

The Lok Sabha has approved four supplementary Goods and Services Tax...

Courtesy: ShopKeep

Information Technology | On 30th Mar 2017

Shopkeep partners with software provider BigCommerce

ShopKeep, the cloud-based technology solution that transforms an iPad ...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Rupa Sood and Sharan Apparao
Nayaab

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

Sonam & Paras Modi
SVA

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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