The Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Faruque Hassan: Bangladesh’s garment export to India will continue to grow
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14 February 2022, Mumbai:
Bangladesh’s garment export to India will continue to grow, says Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Bangladesh garment shipments increased by 58.07 percent to $365.95 million in the July-December period of the current fiscal year from the $231.53 million recorded in the same period a year ago, according to data from the Export Promotion Bureau.
Of the total, knitwear exports surged by 66.46 percent to $161.69 million in value. The shipments of woven garments surged 52 percent to $204.26 million at the same time.
Exporters say the demand for Bangladeshi garment items is rising in India because of the expanding middle-income groups in the world's second-most population nation. Many prefer garment items produced in Bangladesh as they cannot afford expensive Indian high-end garment items.
MdShahidullahAzim, Managing Director, Rupa Knitwear, says a lot of Indian businessmen are placing a good number of orders in Bangladesh to re-export to other countries.
Sharif Zahir, Managing Director, Ananta Group, adds, his group sells $10 million worth of garment items, mainly denim, ladies underwear, woven shirts and knitwear items in India every year.
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