Raymond anticipates garment industry shift from Bangladesh to India due to crisis.

Raymond, a prominent Indian textiles and apparel company, is experiencing a surge in inquiries from global firms due to the crisis in Bangladesh's garment sector. Chairman Gautam Hari Singhania anticipates a shift of some garment business from Bangladesh to India, leveraging the country's end-to-end supply capabilities and political stability. The "China+1" strategy further positions India as a preferred sourcing destination, presenting new market opportunities for Raymond.

September 01, 2024
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