India Enterprises Increase Investment In Bangladesh Clothing Industry
It is reported that in fiscal year 2011-2012,
India
Textile and apparel companies have invested 30 billion rupees ($600 million) in Bangladesh, and the investment will continue to grow in the future.
It is understood that the biggest advantage of India's investment in Bangladesh lies in its low labour force. The minimum wage in Bangladesh is 1700 rupees, while the minimum wage in India is 5000 rupees.
Last year, the government of India decided to allow it.
The People's Republic of Bangladesh
48 kinds of textiles and garments are exported to India tax-free, which has prompted India enterprises to invest in Bangladesh.
Some India enterprises even moved their production base to Bangladesh.
In the first 6 months of this fiscal year, the total price of clothing exported to Bangladesh to India was about US $22 million, a nearly two fold increase over the same period last year.
The India Garment Export Promotion Council (AEPC) said that as the cost of Bangladesh products was 20% lower than its domestic counterparts, more enterprises in India would invest in Bangladesh.
However, as India enterprises increase investment in Bangladesh and combine Bangladesh's soaring exports to India, these factors will affect India's clothing.
Exit
Adverse effects.
In addition, Bangladesh
clothing
The company will also enter the India market to participate in the competition.
Therefore, the committee recommends that the government of India should immediately cancel its domestic application.
brand
Clothing is subject to a consumption tax of 10%, while requiring Bangladesh to import garments with India yarn or fabric as raw materials.
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