Bangladesh’s earnings from exports of readymade garments to India are up 79.09 per cent. Indian business giants such as Reliance and Tata have started their apparel businesses and opened up retail chain shops across the country. This has opened up an opportunity for Bangladesh to act as a supplier for them. The purchasing power of Indian people has increased, which has driven them to import more apparel from Bangladesh. The Indian market is closer to Bangladesh compared to Europe or the US. The shipment time is just four hours from Bangladesh to India. Also, it is a win-win situation for both countries since Bangladesh imports raw materials for garment making such as cotton and machinery from India. So Indian exports are also helped.

India and China are two of the biggest markets for Bangladesh. Both countries have shifted from manual industries to high-tech industries and wages have been increasing, which has eventually led to a hike in production costs. Remediation work of more than 95 per cent of the factory buildings in Bangladesh has been entirely completed and has fulfilled the requirements of Accord and Alliance, the two platforms of western buyers. Bangladesh is not only seeing growth in exports to India, the quality of products has improved.