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Bangladesh beats India in garment exports

Date 22-January-2014
Subject Bangladesh beats India in garment exports

MUMBAI: Bangladesh has overtaken India in readymade garment exports despite the recent setbacks it received like instances of building collapses and fire at manufacturing units, says a study by Exim Bank.

Between January and October 2013, ready made shipments by Indian exporters to the US grew 6.3% to $3.2 billion, while the same by Bangladesh jumped 11.4% at $4.9 billion, the premier export finance agency said.

"In the absence of latest data, imports by the US are a very good benchmark of understanding the latest trends. Bangladesh has been aggressively pushing the garment exports and has made a slew of policy changes to facilitate those," Exim Bank Chief General Manager Prahalathan Iyer told.

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