Tariff Free Import Of Bangladesh Clothing Or Adverse Effects On India Textile Enterprises
The India government recently approved 46 clothing exemption from Bangladesh.
tariff
Imports will not affect large textile companies entering the retail industry.
But it will hurt small retailers that have no funds to open stores in Bangladesh.
Large textile enterprises enjoy significant advantages in large retail brands.
Popularity
They have set up units in Bangladesh.
The decision of the India government will lead to joint collaboration between India textile and retailers and Bangladesh manufacturers.
In recent years, Bangladesh has become an emerging economy and a profitable garment manufacturing center for many European countries and China.
Sanjay Jain, chairman of the Federation of India knitwear manufacturers association, said that Bangladesh clothing exports were estimated to have exceeded India.
Bangladesh exports more than 50% of India's clothing exports.
Some factors, such as cheap labor (almost 1/3 of India's labour cost), cheap electricity (cheap 50%), and cheap 30-40% production cost make Bangladesh cost-effective and become a lucrative textile center in China and Europe.
According to the trade data of the India maritime board, these factors are increasingly important for the Bangladesh market.
India's imports from Bangladesh increased to 3.3% of total imports in 2011, up from 0.2% in 2006, while India's exports to Bangladesh in the past 5 years were hovering at 2% of total exports.
It is known that Chinese companies export their fabrics to Bangladesh and then purchase them without duty.
clothing
。
Experts say the government's decision will open a backdoor for Chinese fabrics to India's exports.
Back in India, the companies that produce synthetic fibers and synthetic fibers will suffer the biggest blow compared with the large listed companies that have cotton business.
In addition, small retailers in West Bengal, Ludhiana and Gandhi will also be affected.
But most cotton companies will not be affected.
According to the India Garment Manufacturers Association, according to conservative estimates, exports to Bangladesh are about 2 billion 500 million US dollars. As the government announced tariff free import of Bangladesh textiles, India labor force will lose 1 million 250 thousand jobs.
- Related reading
Wang Qishan: Improving The Pricing Mechanism Of All Kinds Of Factors In 12Th Five-Year
|Pakistan'S Textile Department Asks The Government To Ban The Export Of Cotton.
|- Trend of Japan and Korea | What Elements Do Korea Wear In Winter To Dress Up Quickly?
- Collocation | Three Ways To Match Fur Coat
- Fashion item | 冬天牛仔褲怎么搭 潮人帶你觸摸時尚
- international master | Why Do These Two Companies Choose To Enter The Clothing Market From Children'S Clothing?
- neust fashion | Fur Coat Is Very Fashionable And Luxurious. It Gives You The Most Beautiful Experience.
- Domestic data | "One After Another" In The Post Crisis Era Of Foreign Trade
- Standard quality | Han Du Yi House Two Times Boarded The Black List.
- Industry Overview | Export Products Can Not Be Standardized.
- Design Institute | How Can Prada, A Luxury Brand Who Has Fallen To The Bottom, Save Himself?
- Learning Area | How To Deal With Brands Such As Daphne And Lining In The Winter Of Clothing Retailing?
- 盈泰克：實現(xiàn)服裝產(chǎn)業(yè)鏈智能化管理
- 大唐原料市場丙綸長絲價格行情
- 遼寧西柳市場滌綸長絲價格行情
- Magic Eye
- Quality Life In Canada Leads Clothing Consumption Trend
- The New Production Technology Of Fabric Is Complex &Nbsp; Experts How To Buy Thermal Underwear.
- 全國殘運會火炬?zhèn)鬟f今日在紹啟動
- Tariff Free Import Of Mongolian And India Textile Enterprises
- 加拿大優(yōu)質(zhì)生活引領服裝餐飲消費走向
- Shenzhen Costume Association Takes Part In The Twenty-Seventh London Fashion Week