Port curbs on Bangladesh imports may create Rs 1,000 crore biz for textiles

India’s ban on imports from Bangladesh through the land ports could generate an additional business of more than ₹1,000 crore for the domestic textile industry. Certain branded garments may see some supply issues in the winter season, which could raise prices of items like T-shirts and denims 2-3%. The trade and industry unanimously think that Bangladesh will lose more than India due to change in the import policy. All the leading Indian brands as well as the global brands present in India source between 20% and 60% garments from Bangladesh, according to industry estimates.

Source: Economictimes.indiatimes.com  |  Read full article