- Total News Sources
- 2
- Left
- 1
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 42 days ago
- Bias Distribution
- 50% Left
India is poised to benefit significantly from the political turmoil and socio-economic instability in Bangladesh, which has led to disruptions in its ready-made garment (RMG) industry. As Bangladesh holds the second-largest market share in global RMG exports, its current crisis could shift 10-20% of its export orders to India, potentially increasing India's RMG exports by $2-3 billion annually. Indian companies and officials are optimistic about capturing 6-8% of Bangladesh's monthly export orders in the short term, with long-term gains reaching 10%. This shift is facilitated by India's comprehensive textile value chain and various government initiatives, positioning it as a strong alternative for global brands. However, the unrest in Bangladesh has also impacted Indian companies operating there, such as Marico and VIP Industries, which are reassessing their operations and sourcing strategies. The situation underscores the need for India to capitalize on this opportunity to enhance its RMG sector's global presence.
- Total News Sources
- 2
- Left
- 1
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 42 days ago
- Bias Distribution
- 50% Left
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