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B'desh unrest: Indian garment exporters reaping benefits
The New Indian Express
|November 03, 2024
INDIAN garment export is reaping the benefits of unrest in neighboring Bangladesh.
Garments exports from India in the first six months of the current financial year have registered an 8.5% increase compared to a 15% decline in the same period the year before. In September alone, India recorded a 17.3% year-on-year increase in apparel exports.
The disruption caused by the political turmoil in Bangladesh has resulted in a fall in exports from the country, a hub for textile supply across the globe. Bangladesh's apparel exports to the US, its largest export destination, fell 11% to $3.40 billion in January-June 2024 as against $3.82 billion in the same period in 2023. Indian exporters seem to be benefiting from this disruption.
Esta historia es de la edición November 03, 2024 de The New Indian Express.
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