Global apparel deals flowing into India amid Bangladesh crisis

[TheChooChooTrain]

Tiruppur's knitwear export hub has secured ₹450 crore in orders from global brands due to political unrest in Bangladesh. Orders include kids' wear, nightwear, tops, and pajamas. Noida Apparel Export Cluster also saw a 15% increase in orders from Zara. The situation highlights the need for an India-EU free trade agreement.

The Tiruppur knitwear export hub has swung export orders worth ₹450 crore in the last two weeks from Bangladesh in the wake of the political unrest there. Global brands like KiK from Germany, Zeeman from the Netherlands, and Pepco of Poland, among others, placed orders to be delivered before Christmas and New Year and the average price of the garment ordered is to the tune of $3, said KM Subramanian, president of Tiruppur Exporters' Association (TEA).

 

[Circadian Rhythm]

Raymond chairman Singhania says receiving 'massive' enquiries after Bangladesh crisis

https://www.google.com/amp/s/www.moneycontrol.com/news/business/raymond-chairman-singhania-says-receiving-massive-enquiries-after-bangladesh-crisis-12813653.html/amp

 

[Justin TruDont]

Joy Bangla

Bangladesh's 40 Billion USD textile exports will be eaten up by India

And Yunis will Join Showbaz with the perennial Katora in hand
In front of IMF and WB

 

[Vikramaditya1]

It's a low hanging fruit. Give export subsidies cut down on cotton exports and you can attract more investments and orders in the sector. The goodwill they had is long gone, it's time to leverage our industrial capacity.

 

[KAAFIR]

Bangladesh economic boom is over with Haseena.
There are many factors Bangladesh destined to become next Pakistan.

 

[DDG-80]

It's a low hanging fruit. Give export subsidies cut down on cotton exports and you can attract more investments and orders in the sector. The goodwill they had is long gone, it's time to leverage our industrial capacity.

Exactly! Instead of focusing on cotton exports, expand the capacity to export value-added products. This will create millions of jobs and boost foreign exchange earnings.

 

[Vikramaditya1]

Exactly! Instead of focusing on cotton exports, expand the capacity to export value-added products. This will create millions of jobs and boost foreign exchange earnings.

It was deliberate for the most part. The plan to keep our textile, leather industries down inorder to prop up the neighbor. With the new drama we are under no obligation to do so. On the down side it'll create issues along the border regions.

 

[c14-Isotope]

If law & order remains sketchy for a couple of months more, then it'll be a permanent shift.

 

[nahtanbob]

Tiruppur's knitwear export hub has secured ₹450 crore in orders from global brands due to political unrest in Bangladesh. Orders include kids' wear, nightwear, tops, and pajamas. Noida Apparel Export Cluster also saw a 15% increase in orders from Zara. The situation highlights the need for an India-EU free trade agreement.

The Tiruppur knitwear export hub has swung export orders worth ₹450 crore in the last two weeks from Bangladesh in the wake of the political unrest there. Global brands like KiK from Germany, Zeeman from the Netherlands, and Pepco of Poland, among others, placed orders to be delivered before Christmas and New Year and the average price of the garment ordered is to the tune of $3, said KM Subramanian, president of Tiruppur Exporters' Association (TEA).

Is this ₹450 crore $57 million ?

 

[TheChooChooTrain]

Is this ₹450 crore $57 million ?

Closer of $54 million

 

[UKBengali]

LOL.

Some Indians think that India was on purpose trying to prop up BD textile industry by harming its own textile industry.

Others think that 54 million US dollars extra export order when BD exports 40-45 billion US dollars every year is significant.

India simply does not have the production capacity or linked industries to take on anything but a small fraction of what BD does. It took BD decades to scale up and India thinks it can do this in a few years.

BD garment factories are by in large operating at full capacity again and factories are working overtime to try to make up for backlogs as much as possible.

Unless the political instability comes back, then BD garment industry is secure and confidence from buyers will remain.

 

[Nilgiri]

LOL.

Some Indians think that India was on purpose trying to prop up BD textile industry by harming its own textile industry.

Others think that 54 million US dollars extra export order when BD exports 40-45 billion US dollars every year is significant.

India simply does not have the production capacity or linked industries to take on anything but a small fraction of what BD does. It took BD decades to scale up and India thinks it can do this in a few years.

BD garment factories are by in large operating at full capacity again and factories are working overtime to try to make up for backlogs as much as possible.

Unless the political instability comes back, then BD garment industry is secure and confidence from buyers will remain.

Yep. It is telling the two areas mentioned: Tiruppur and Noida (i.e Delhi metro area).

There is vast hinterland of UP-Bihar were not one of these kind of clusters has been developed...when there should be dozens here given their populations respective to TN and Delhi.

BJP extreme fanbois will not look at the basic reason why Tirrupur was developed in first place (with decidedly non-BJP govts)....where now labour price is lot higher than interior of UP. What is the hold up in replicating.

Hence their silly excuse that India was putting BD first and "taking it easy" on purpose politically or some other nonsense.

Which of course doesn't sit well with reason why India didn't target the 100-150 billion continuing RMG export of China (with its higher wages now - that should be easy to attract capital away from for UP-Bihar like states and even for BD, TN, Delhi etc).

Again its case of conclusions made first, then things made to fit it.

 

[nahtanbob]

Yep. It is telling the two areas mentioned: Tiruppur and Noida (i.e Delhi metro area).

There is vast hinterland of UP-Bihar were not one of these kind of clusters has been developed...when there should be dozens here given their populations respective to TN and Delhi.

BJP extreme fanbois will not look at the basic reason why Tirrupur was developed in first place (with decidedly non-BJP govts)....where now labour price is lot higher than interior of UP. What is the hold up in replicating.

Hence their silly excuse that India was putting BD first and "taking it easy" on purpose politically or some other nonsense.

Which of course doesn't sit well with reason why India didn't target the 100-150 billion continuing RMG export of China (with its higher wages now - that should be easy to attract capital away from for UP-Bihar like states and even for BD, TN, Delhi etc).

Again its case of conclusions made first, then things made to fit it.

I presume the logistics to the hinterland has been crappy. Given all the PR I would assume Modi fixed some of it

 

[HeratKabul]

Bangladesh economic boom is over with Haseena.
There are many factors Bangladesh destined to become next Pakistan.

That's a problem with most Islamic countries. They just can't digest being prosperous.

Whether it's Pakistan of 1960-70's or Iran under Shah Pahlavi or Libya under Gaddafi or Iraq under Saddam Hussain or Bangladesh under Sheikh Haseena.

Islamic nations will eventually do stupid things to ruin themselves.

 

[Alter_Ego]

That's a problem with most Islamic countries. They just can't digest being prosperous.

Whether it's Pakistan of 1960-70's or Iran under Shah Pahlavi or Libya under Gaddafi or Iraq under Saddam Hussain or Bangladesh under Sheikh Haseena.

Islamic nations will eventually do stupid things to ruin themselves.

Yea maybe but still not there where muslims go online and pretend to be someone else

Nice sitting there with all your problems in India and pointing finger at muslim countries, whot btw your countrymen flock to in millions every year to land jobs.

If indians stop obsessing about muslims and instead focusing on lifting up untouchables from being eternal serfs