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Bangladesh’s export to India up marginally

The country’s export to its giant next door neighbour increased marginally in July-May period of the current fiscal year.Latest statistics, released by the Export Promotion Bureau (EPB), showed that export to India stood at $636 million during the period under review.

The amount was 3.75 per cent higher than the export value of the 11months of the past fiscal year. Export to India fetched $613 million in July-May period of the fiscal year 2015-16 (FY16). Total annual export to India in the past fiscal year was $689.62 million.

After India granted duty free quota free access to Bangladesh in 2011, the RMG exports to India have more than doubled to $136.4 million in 2015-16 from $55 million in 2011-12. In 2015-16, Bangladesh’s RMG exports to India grew by 31 percent. Bangladesh’s overall exports to India have also increased by 30.82 percent at the same time.