India's garment industry faces competition from cheaper Bangladeshi imports due to tax exemptions and lower production costs.

India's garment industry struggles against cheaper imports from Bangladesh due to tax exemptions and lower production costs in Bangladesh, which do not adhere to strict environmental and labor laws. Indian manufacturers seek government intervention and incentives to compete. Meanwhile, political unrest in Bangladesh has disrupted its garment sector, accounting for over 80% of its export earnings, causing potential delays for global apparel retailers preparing for the holiday season.

August 05, 2024
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