India fastest growing RMG market for Bangladesh

September 17, 2018

India is now emerging as one of the fastest growing markets for Bangladesh’s readymade garment export, said Harsh Vardhan Shringla, Indian high commissioner, yesterday. He said Bangladesh’s RMG export to India has seen substantial growth since receiving duty-free and quota-free access in 2011.Bangladesh’s garment exports rose 115 percent to $278.68 million in 2017-18 from $129.81 million a year ago, said Shringla. He was addressing the inaugural session of three concurrent exhibitions on textile technology, yarn and fabrics and dyeing and chemicals at International Convention City Bashundhara. Shringla said India was one of the biggest sources of raw materials and machinery for Bangladesh’s apparel industry. Indian suppliers exported over $100 million-worth textile machinery to Bangladesh in 2017-18, he said.

Source: RMG BD