Apparel industry players in Bangladesh are for importing more raw materials from India even as they cited cultural similarities, reduced lead times and historical relationships as the key factors for the same.
The views were expressed during a recent panel discussion at the Textile Source Meet 2023 in Dhaka, organized jointly by the Confederation of Indian Textile Industry (CITI), Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the Bangladesh Garment Executive Association, and the Sowtex.
Taking part in the discussion, experts emphasised the potential benefits of sourcing raw materials (such as yarn, fabrics, dye chemicals, cotton, and machinery) from India even as they added this proposition was to establish a win-win situation for both India and Bangladesh by diversifying supply chains and reducing lead time while also minimising reliance on China.
It may be mentioned here, Bangladesh has emerged as a key player in the global textile and garment industry, with a thriving apparel industry contributing significantly to the country’s economic growth and by sourcing raw materials from India, it would help Bangladesh to sustain this momentum while also reduce dependence on a single source for raw materials.
