Monthly export of readymade clothes may rise by $250 mn amid B'desh crisis

Quick Summary:

India can be a beneficiary in the international readymade garment markets as Bangladesh, the world's second-largest exporter in the sector, grapples with economic challenges, amid ongoing political unrest there, according to a report released on Thursday.

While Bangladesh has historically captured a significant portion of China's declining share in global readymade garment (RMG) exports, India has been unable to fully capitalise on the opportunity, it said.

However, the current situation in Bangladesh presents a golden chance for the Indian RMG sector to expand its footprint both in short and medium terms, the report said.

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Article Details

Category: BusinessFinance

Markets: IndiaBangladeshChina

Topics: Readymade garment exports Garment exports Indian garments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 02:41:55 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21992174

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