Bangladesh Clothing Exports To The US Exceed India

It's a small country next to India, but Bangladesh's clothing is right.

For the first time in history, it surpassed India.

From August 2008, Bangladesh clothing exports to the US have increased by 10%, while India's exports to the United States have decreased by 3% during the same period.

annually

About 70 billion dollars.

Exports to the United States account for 25% of all clothing exports in India, and the United States is the largest market in India.

Bangladesh's exports to the US have now risen to fifth place, so India has retreated to sixth place.

India's export target in the 2008 to 09 fiscal year is US $11 billion 620 million, but from the current situation, it seems that only $8 billion 780 million can be achieved.

Year by year growth.

Despite the global crisis,

Industry exports to the US in 2008 increased substantially compared with 2007 and reached a record high.

These countries can surpass India because their prices are competitive.

Enterprises, their productivity exceeds

The company has the advantage of Bangladesh in terms of price, and their labor cost is also lower than that in India.

India's labour cost is almost two times that of Bangladesh.

Labor cost is a big part in the production cost of garment manufacturers.

Enterprises have been appealed to the government to help them and to help them.

Various textile organizations have submitted numerous memorandums of understanding.

But first of all, exporters must enhance their competitiveness and solve bottlenecks to survive.

To maintain a relatively substantial growth rate.