Indian textile exporters benefit from internal strife in Bangladesh

04-Nov-2024 01:42 PM

New Delhi. India's textile industry and exporters are getting direct benefit from internal strife and chaos in the eastern neighboring country - Bangladesh because the importers who earlier used to buy textiles and other garments from Bangladesh have now started buying it from India.

During the first half of the current financial year (April-September 2024) compared to last year, textile exports from India increased by 8.5 percent, while last year it had registered a decline of 15 percent. In September alone, textile exports increased by 17.3 percent.

Bangladesh has traditionally been India's major competitor in the international export market of textiles, so when there was an atmosphere of unrest and chaos there, its production and exports started getting affected. Due to this, Indian exporters faced less challenge.

America is the most prominent buyer of Bangladeshi textiles. The export income from garments from Bangladesh reached $3.82 billion in the half year of January-June 2025, which declined by 11 percent to $3.40 billion in the same period of the current year.

But despite the increase in the export of garments, there is no upward trend in the price of cotton in India, whereas its area has fallen sharply by 14 lakh hectares and production is likely to decrease. Exports of Indian cotton to Bangladesh have decreased.