Bangladesh’s apparel exports to India grew 143 per cent in December. The value of Bangladesh’s knitwear exports rose 107 per cent in July to December 2018 compared to July to December 2017. The value of woven exports rose 161 per cent.

India has been grown into a big market for Bangladesh’s apparel exporters. Last fiscal, Bangladesh’s apparel exports witnessed 100 per cent gain in India – a trend which is continuing this year and expected to rise. India recently introduced a uniform taxing policy across its states – lifting a major trade barrier and proving a boon for business. Also, international brands and stores are opening up in India, which demand more apparel products from Bangladesh.

Also, many renowned fashion brands are exploring Indian market now – opening up outlets across its states. These fashion brands and outlets are demanding apparel items from Bangladesh. Since giant business groups such as Reliance and Tata have opened up retail chains across India, this is an opportunity for Bangladesh to act as a prominent supplier to them.

Another fact is that the Indian domestic market has grown and the number of fashion conscious consumers has increased. This is a win-win situation for both countries since Bangladesh imports readymade garment raw materials such as cotton and machinery from India.