In­dian fab­ric mak­ers eye Bangladesh

Maritime Gateway - - News -

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.

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