|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.
Source : dailyshippingtimes.com
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