Indian textile industry benefits from Bangladesh's weak performance

12-Sep-2024 12:35 PM

Mumbai. There is tough competition between India and Bangladesh in the international textile export market and in many buyer countries,

Bangladeshi products are also given duty concessions. For the last few months, due to the atmosphere of disturbance,

rebellion and political instability in Bangladesh, the textile industry is suffering huge losses, due to which its production and export performance has weakened. India is expected to benefit from this.

It is worth noting that Bangladesh produces negligible cotton in comparison to demand and consumption and it remains the biggest importer of Indian cotton.

Apart from this, cotton is also imported from countries like America, Brazil, Australia and Kazakhstan.

Not only America and Europe but also in countries like China, Bangladesh has been given huge exemption in customs duty on export of cotton yarn, fabrics and cotton textiles,

whereas India does not get any concession. As a result, Bangladesh gets some edge over India in the international export market.

If exports from there are affected then India can get a good opportunity to increase the export of its products. Bangladesh is currently importing very little cotton from India.