By admin       2019-05-29

Export Promotion Bureau (EPB) data has revealed that Bangladesh exports touched a high of $1.07 billion between July and April of 2018-19 fiscal compared to $701.56 million earned during the corresponding period of the previous fiscal. “A major contributor has been readymade apparels,” Dhamodharan said, adding “India lost ₹7,500 crore garmenting business to its neighbour.” That's not all. The resultant impact is far more in terms of job loss across the textile value chain. Retailers and brands should explore possibilities to partner with garmenting hubs in Coimbatore, Tirupur, Karur, Erode, Surat and Ludhiana, among others, and focus on local sourcing, he said. Courtesy: The Hindu

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