India's apparel export sector will tell you that by being out of free trade agreements (FTAs), you are giving a competitive edge to others, while a section of textile mills may argue that by entering into FTAs you can kill the chances of domestic industry.
Foreign exchange reserves declined by $388 million during the week ended September 20, official data showed on Friday.
Last Friday was a big day in India’s economic history. India moved from the league of countries that are inward looking, populist and focused on short-term gratification of masses to a league of countries that aggressively compete for foreign investment and willing to take bold decisive strides for long term structural growth.
MUMBAI – Thai Acrylic Fiber Co. (TAF), of the Aditya Birla Group, has partnered with Bangladeshi textile manufacturer Simco; a collaboration through which the duo will combine the former’s Radianza fibre with recycled Cyclo cotton.
Textile exports during 2MFY20 increased 2.3 percent year on year against a growth of 3 percent in total exports during the period.
A delegation from the Bangladesh Garments Manufacturers and Exporters Association (BGMEA), during a recent trip to Canada, urged authorities and lawmakers in that country to extend duty free access provision to Bangladeshi readymade garment (RMG) products after the nation graduates from the least developed country (LDC) status in December 2023.