Wednesday, April 30, 2025
spot_img
spot_imgspot_img
HomeNews & ViewsGarment exports from Bangladesh to India have been rising since last year

Garment exports from Bangladesh to India have been rising since last year

import_exportIndia allows duty-free benefit to almost all Bangladeshi goods except 25 alcoholic and beverage items. Garment exports from Bangladesh to India rose 30.86 per cent year-on-year in fiscal 2015-16. However, there is a 12.5 per cent countervailing duty on apparels from Bangladesh. Garment exporters also face provincial taxes and non-tariff barriers in India.
Yet, garment exports from Bangladesh to India have been rising since last year thanks to western retail giants operating in India. US retail giant Walmart and Swedish retailer H&M have opened stores in India in the last few years. Also many Indian companies that have retail chains in India have tied up with foreign retailers to grab the market. Foreign retailers buy a lot of garment items from Bangladesh for Indian customers, especially for the rising middle class.
Knitwear from Bangladesh is popular in India because of low prices and good quality. Garment makers in Bangladesh are offered a stimulus package for exporting to new destinations like India, Japan and China. In fiscal 2015-16, Bangladesh exported goods worth $689.82 million to India, which is 30.82 per cent higher than the previous year. The amounts were $527.16 million in 2014-15 and $456.63 million in 2013-14.

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement - spot_img

Join Our Weekly Newsletter

spot_img

Upcoming Events

 

Simillar News

Recent Random

Delegation from the US Embassy met BGMEA administrator

A delegation from the US Embassy in Dhaka met with Anwar Hossain, Administrator of BGMEA, along with members of the BGMEA Support Committee at...

Ohyoung 2025 Bangladesh Technical Seminar showcased the latest innovative solution for BD Textile Sector

Ohyoung-a new global leader in dyestuff market Renowned South Korean dye manufacturing company Ohyoung Inc., in collaboration with its Bangladesh representative TeXco Tech, successfully hosted the 2025 Bangladesh...

Pakistani Textile Delegation Visits Ananta Garments Ltd. to Explore Collaborative Opportunities

A high-profile textile delegation from Pakistan visited Ananta Garments Ltd., one of the leading factories under the Ananta Companies umbrella, earlier today. The delegation...