Not to worry. Hasina will soon fix this. India has nothing to worry about. BAL will deliver.
Joy Bangla....?
Emanur Rahman | m. +447734567561 | e. emanur@rahman.com
From: Isha Khan <bdmailer@gmail.com>
Sender: alochona@yahoogroups.com
Date: Tue, 6 Jul 2010 10:38:27 +0600
ReplyTo: alochona@yahoogroups.com
Subject: [ALOCHONA] Now you know why they are after your factories
India trails Bangladesh in RMG exports
Bangladesh's textile and apparel exporters are giving a tough competition to their Indian counterparts in both the United States and European Union.
A report by the Federation of Indian Chambers of Commerce and Industries, released on Monday, showed that Bangladesh witnessed a growth of 3.6 per cent in its apparel exports to the EU market in 2009, while all its major competitors like China, Turkey and India experienced negative growth.
The EU and US are the major destinations of textiles from both Bangladesh and India.
The FICCI analysis had noted that India's exports of textiles and apparel had witnessed a negative growth of around 11 per cent to US and EU in 2009, but still managed to increase its share by 0.17 per cent in both the markets.
Bangladesh, Vietnam and Indonesia had seen slightly higher increase in their shares in US textiles and clothing market in the recession year 2009 over 2008.
According to the FICCI report; the share of Bangladesh, Indonesia, Vietnam and China increased by 0.5, 0.4, 0.67 and 4.3 percentage points respectively in US imports in 2009 as compared to 0.17 percentage points for India. In fact, in 2009, Vietnam managed to surpass India in terms of share in US imports of textiles and apparels.
The apex trade body observed that India's textiles and apparel exports to the US grew by 4.2 per cent per annum between 2004 and 2009; while those of Bangladesh witnessed a growth of 11.5 per cent. China, Vietnam and Indonesia registered a growth of 15.3 per cent, 14.5 per cent and 8.9 per cent respectively in textile and apparel exports to the US.
India's share in EU market of apparel increased from 6.8 per cent to 7.2 percent while that of Bangladesh increased from 7.5 per cent to 8.9 per cent. China's share in EU's apparel imports from third countries increased from 42.7 per cent to 44.7 per cent but that of Turkey fell slightly from 12.7 per cent to 12.2 per cent.
The FICCI analysis revealed that the share of Bangladesh in EU's imports of apparels in 2005 had been almost equal to that of India (around 6.2 per cent). In 2008, the share of Bangladesh had been 7.5 per cent and India's share had been 6.8 per cent in EU's imports of apparels – a difference of just 0.7 percentage points.
But, in 2009, the gap had further widened with the share of Bangladesh being 8.9 per cent and that of India 7.2 per cent - a difference of 1.7 percentage points, the report stated.
A report by the Federation of Indian Chambers of Commerce and Industries, released on Monday, showed that Bangladesh witnessed a growth of 3.6 per cent in its apparel exports to the EU market in 2009, while all its major competitors like China, Turkey and India experienced negative growth.
The EU and US are the major destinations of textiles from both Bangladesh and India.
The FICCI analysis had noted that India's exports of textiles and apparel had witnessed a negative growth of around 11 per cent to US and EU in 2009, but still managed to increase its share by 0.17 per cent in both the markets.
Bangladesh, Vietnam and Indonesia had seen slightly higher increase in their shares in US textiles and clothing market in the recession year 2009 over 2008.
According to the FICCI report; the share of Bangladesh, Indonesia, Vietnam and China increased by 0.5, 0.4, 0.67 and 4.3 percentage points respectively in US imports in 2009 as compared to 0.17 percentage points for India. In fact, in 2009, Vietnam managed to surpass India in terms of share in US imports of textiles and apparels.
The apex trade body observed that India's textiles and apparel exports to the US grew by 4.2 per cent per annum between 2004 and 2009; while those of Bangladesh witnessed a growth of 11.5 per cent. China, Vietnam and Indonesia registered a growth of 15.3 per cent, 14.5 per cent and 8.9 per cent respectively in textile and apparel exports to the US.
India's share in EU market of apparel increased from 6.8 per cent to 7.2 percent while that of Bangladesh increased from 7.5 per cent to 8.9 per cent. China's share in EU's apparel imports from third countries increased from 42.7 per cent to 44.7 per cent but that of Turkey fell slightly from 12.7 per cent to 12.2 per cent.
The FICCI analysis revealed that the share of Bangladesh in EU's imports of apparels in 2005 had been almost equal to that of India (around 6.2 per cent). In 2008, the share of Bangladesh had been 7.5 per cent and India's share had been 6.8 per cent in EU's imports of apparels – a difference of just 0.7 percentage points.
But, in 2009, the gap had further widened with the share of Bangladesh being 8.9 per cent and that of India 7.2 per cent - a difference of 1.7 percentage points, the report stated.
