The ongoing political turmoil in Bangladesh has severely impacted the textile industry in Bhilwara, Rajasthan. For years, Bhilwara has relied on Bangladesh as a major market, exporting around 50% of its yarn and denim to the country. The total annual export value of these goods is estimated at
Bangladesh, which is currently embroiled in severe political crisis, is renowned for its thriving textile sector. The country’s substantial income from garment exports is now under threat due to the ongoing turmoil. As a result, global textile importers are beginning to explore alternative markets, including India. Bangladesh is a significant player in the global
Despite the ongoing political turmoil in Bangladesh, the impact on India’s overall trade may be minimal. However, the crisis is expected to significantly affect India’s cotton sector, according to an analysis by Moneycontrol. India exports $2.4 billion worth of cotton to Bangladesh, a country that has rapidly established itself as a global textile hub. Data […]