Short-term garment orders may shift to India due to turmoil in Bangladesh: Exporters
exporters on Tuesday said that the political situation in Bangladesh may lead to short-term shifting of garment orders to India. However, they added that India has no intention or inclination to exploit this unfortunate situation in its friendly neighbouring country.
On Monday, former Bangladesh Prime Minister Sheikh Hasina resigned and fled the country amid massive public anger over her government's controversial quota system reserving 30 per cent of jobs for families of veterans who fought the 1971 liberation war. More than 400 people have been killed in the protests.
Mithileshwar Thakur, Secretary General of the Apparel Export Promotion Council (AEPC) said that the current situation in Bangladesh is a matter of great concern for all the exporters.
«We wish that the situation stabilizes quickly and normal business resumes. We are a friendly neighbour country and completely empathize with the unfortunate incidents of violent protests that are unfolding in Bangladesh,» he said.
Thakur added that India has no intention or inclination to exploit this unfortunate situation in its friendly neighbouring country.
«The Indian garment industry is making serious efforts to grow RMG exports on its own, based on its merit. However, it is quite likely that in short-term garment orders may shift to India and the Indian apparel industry may be asked to fill the gap caused by this severe disruption,» he said.
Ludhiana-based exporter S C Ralhan said that the political crisis in the neighbouring country will impact timely
