Retailers In India Welcome Expanding Bangladesh'S Textile Imports
Although the domestic garment industry allows more Bangladesh textiles to the India government.
tariff
I am very disturbed to enter India, but the interest of India garment manufacturers is increasing.
In the past few years, 17 kinds of textile and clothing products, including non-woven fabrics and bottoms, have been allowed to enter India without customs duties. Now, the duty free basket has been extended to 48 products, including
T-shirt
And knitted garments, these products were not allowed to be imported customs free earlier.
Insiders say that
The People's Republic of Bangladesh
Labor is 25% cheaper than India.
Considering all other costs, the final products of Bangladesh are 15% cheaper than India products.
Earlier, Bangladesh was seen as a low-cost destination, and today Bangladesh has improved its product mix, fashion and quality, according to industry sources.
Quality brand
。
At present, India allows annual tariff free import of 100 thousand products (two years ago, the quota is 7 million).
The government of Bangladesh has asked to increase the number of tariff free imports to 15 million.
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