Bangladesh hurts Indian garment exports

Bangladesh's booming clothing export-industry is set to beat India's garment export targets, crucially effected by the appreciating rupee.

“Bangladesh is a strong competitor on pricing with India. Moreover, the cost of production there is low, and its currency is static against the dollar, unlike ours.” - Premal Udani, former president, CMAI.

After the quota regime was lifted in 2005, India’s apparel exports grew by 20 per cent. However, the following year, the growth went down to a mere 8 per cent.

Last year, India exported garments worth US$ 8 billion, while Bangladesh notched up a staggering US$ 7.8 billion.

News via Business Standard