Indian fabric makers eye Bangladesh
Indian manufacturers look to capture a bigger share of the fabric market in Bangladesh as the country has already shown its strength in the global readymade garment supply chain. Bangladesh, the second largest garment exporter worldwide, largely relies on India, apart from China, for garments raw materials. Currently, Bangladesh imports fabric worth $7 billion a year to run its garment sector. Of this, fabric worth more than $2 billion come from India and $5 billion from China. Indian garment traders can procure high quality garments at cheaper rates from Bangladesh, as the neighbouring country has duty-free access to India.