Narinder Miglani of Ludhiana said, “As against Bangladesh, government of India imposed 10 percent duty in this budget on branded clothes without giving concessions on machinery and raw material import. Bangladesh has already become the second largest exporter of apparel in the world after China. India has been relegated to a poor third position, with an export volume hovering around 12 billion dollars. Bangladesh has earned around 18 billion dollars through exports. Even China won’t be able to match the price advantage of Bangladesh as far as export of textile products to Indian market is concerned.” [Read More]

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Source: Weekly Blitz :: Writings