India will benefit from Bangladesh crisis, Indian textile sector will prosper

New Delhi : Political turmoil continues in India's neighboring country Bangladesh, but it is also having a positive effect on India. Let us tell you that due to these circumstances arising in Bangladesh, India's textile industry seems to be benefiting a lot, due to which the shares of textile companies listed in the domestic market are seeing a jump.
Let us tell you that after the crisis deepened in Bangladesh, the textile industry there is being affected very badly, due to which many textile companies there have also closed down. After these conditions in Bangladesh, textile traders from all over the world are looking towards India with hope. They can do business in India to fulfill their textile industry needs. This is also affecting the Indian stock market, there is a tremendous jump in the shares of some textile companies in the stock market. Even today, textile companies are dominating the domestic market.
Bangladesh's textile sector
It is worth noting that Bangladesh's textile industry is one of the top industries in the world. Bangladesh is a country from where textiles are exported on a large scale to Europe, America and other parts of the world. Some experts associated with the textile industry of India say that if even 10 percent of the business of the textile industry of Bangladesh comes to India amid the crisis, then it can give a huge boost to India's textile sector.
Also read: Bangladesh crisis is affecting India, it can be beneficial for textile industry
These textile companies are benefiting
1. SP Apparels Ltd
The shares of this textile company of India have created a stir in the market. As soon as the stock market opened, the shares of this company saw a rise of 14% in the initial business, but later this rise has seen a decline.
2. Kitex Garments Limited
The shares of this company have done wonders in the Indian stock market. On Wednesday, a 7 percent increase was seen in the early trade. Currently, the shares of this company are trading at a price of Rs 264. It is being told that on Tuesday, the shares of this company saw a rise of about 16 percent.
Apart from these companies, there are many other companies which are seen performing very well in the stock market. After the Bangladesh crisis, it is expected that important changes can be seen in India's textile sector.