As political unrest in Bangladesh intensifies, the country's crucial textile sector faces potential disruption, prompting international buyers to consider alternative markets, with India emerging as a likely beneficiary.
With the crisis in Bangladesh intensifying, the textile sector, which contributes a lion’s share of its export, is likely to be a victim of the turmoil, with international buyers shifting their focus to alternative markets like India.
Global brands like Marks & Spencer, Next, Decathlon, Primark, GAP, Walmart, Pepco, and Tesco are planning to ramp up sourcing from India, industry executives told ET.
A team of 14 entrepreneurs from African countries on Wednesday held a discussion with functionaries of Tiruppur Exporters’ Association on making of garments and value-added products from cotton.
The Tiruppur Exporters Association (TEA) expressed disappointment that some of its expectations were not addressed by Finance Minister Nirmala Sitharaman, but hoped they would materialise it in the coming days.
A group of entrepreneurs from the West African country of Burkina Faso approached the Tiruppur Exporters Association (TEA) on Wednesday to seek advice on converting cotton grown in their country into garments and adding value.