Apparel Hits: 1345

Indian apparel imports from B’desh over Rs 8000cr

Apparel Hits: 1345
BangladeshApparelFactory
Apparel Hits: 1345

15 July  2023, Mumbai

India’s imports of apparel from Bangladesh, also means exports of apparel from Bangladesh crossed a significant milestone in the fiscal year FY2022-23 surpassing $1 billion.

Datapoint

The data reveals a remarkable 42 percent year-on-year increase, reaching $1,012 million during the July-June period, as per BGMEA.

SAFTA

The duty-free benefit provided by the South Asian Free Trade Area played a significant role in this growth.

Make in India; The growth in imports from Bangladesh signals a major concern for India’s apparel manufacturing industry and for the initiative of ‘Make in India’.

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