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

Sri Lanka reduces VAT on imported fabric to 5%

Textiles | On 24th Sep 2018

Sri Lanka reduces VAT on imported fabric to 5%

Considering the requests made by the stakeholders in the fabric...

E-com firms in India to deduct 1% TCS under GST from Oct 1

Apparel/Garments | On 24th Sep 2018

E-com firms in India to deduct 1% TCS under GST from Oct 1

E-commerce companies in India will have to deduct 1 per cent tax...

Courtesy: Andritz

Textiles | On 24th Sep 2018

'Strength of economy, demographics drive nonwovens demand'

The strength of the economy and demographic trends are the main...

Interviews View All

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Ghanshyam Ghoghari, Kimora Fashion

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

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

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search