Indian exporters expect to receive large garment orders from Bangladesh, boosting exports

Garment exports to Bangladesh: Amid political turmoil in Bangladesh, Indian exporters are expected to get more orders for readymade garments from the neighboring country. In the current scenario, Indian exporters are confident that India will be able to get orders for garment manufacturing in a short period of time. He said that in the current situation, he has neither the intention nor the will to take advantage of the unfortunate situation in his friendly neighboring country. Bangladesh's political crisis worries exporters. Imports cotton from India to manufacture garments on a large scale. However, it is currently facing a major political crisis after the resignation of Sheikh Hasina from the post of Prime Minister due to a fierce student movement. Apparel Export Promotion Council (AEPC) general secretary Mithileshwar Thakur said the political crisis in Bangladesh is a major concern for all exporters. We wish the situation to be normalized soon and normal business resumes. Mithileshwar Thakur, who is affected by the political crisis, said that we have no intention of taking advantage of the current unrest in Bangladesh. India's apparel industry is making serious efforts to increase readymade garments exports based on its potential. However, apparel orders are more likely to shift to India in the short term. SC Ralhan, a Ludhiana-based exporter, said the political crisis in the neighboring country would affect timely payments. He said that streamlining the situation would help smooth movement of goods. Indian companies operating manufacturing units in Bangladesh will also have to face the impact, he said. Apart from this, there will also be pressure to pay on time. Also Read: India's exports to Bangladesh fall to $12.21 billion in 2022-23 as tomato prices rise Imports also fell to $1.84 billion in the last financial year, compared to $2 billion in 2022-23. India mainly exports vegetables, coffee, tea, spices, sugar, snacks, refined petroleum oils, chemicals, cotton, iron and steel and vehicles to Bangladesh, while importing fish, plastics, leather and garments. Also read: Bangladesh's new prime minister is a poor man's banker, a staunch critic of Sheikh Hasina The post Indian exporters hope to get big garment orders from Bangladesh By Prabhat Khabar.