ID :
205785
Wed, 09/07/2011 - 13:16
Auther :
Shortlink :
https://www.oananews.org//node/205785
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Bangladeshi manufacturers welcome duty waiver on garments
Dhaka, Sept 7 (PTI) Bangladeshi garment manufacturers
have welcomed Indian Prime Minister Manmohan Singh's
announcement of duty-free access to 46 textile items from the
country, saying the move would further encourage contract
manufacturing by Indian exporters and boost exports.
Bangladesh had been pressing for the last two years to
get duty waiver on 61 products. Of the products, 47 were
apparel items including pants, shirts, blouses, skirts, kids
wear, cotton nightwear, jeans, swimwear and tracksuits.
Salim Osman, president of Bangladesh Knitwear
Manufacturers and Exporters Association (BKMEA), said
Bangladeshi apparel makers will do well in Indian market.
"I am hopeful that our clothes will be competitive in
terms of both quality and prices," said the BKMEA president.
"Our export earnings will double in the years ahead due
to an opening of market opportunities in India," said Osman.
He also said the zero duty benefit will give a boost to
the hosiery industry, which employs three lakh people, by
widening the market opportunities for undergarments.
The duty-free benefit will give rise to opportunities for
contract manufacturing by Indian firms as well, he said.
David Hasanat, chairman of leading clothes maker
Viyellatex Group, said the duty-free benefit will help boost
garment exports to India which has a market in the form of
growing middle class.
In April this year, Commerce and Industry Minister Anand
Sharma had announced duty-free import of garments from
Bangladesh from 8 to ten million pieces.
Hasanat said Bangladeshi clothes are better than those of
India in terms of quality.
Singh, on a visit to Dhaka, had announced the unilateral
trade concession to Bangladeshi textiles after his talks with
Bangladesh Prime Minister Sheikh Hasina seeking to address
Dhaka's concern over huge trade surplus with Bangladesh.
While exports from India to Bangladesh more than doubled
to USD 4.05 billion in 2010-11 from USD 1,998.58 million in
fiscal 2006-07, according to official data, imports from
Bangladesh is to the tune of about USD 400 million. PTI PAL
MNS
have welcomed Indian Prime Minister Manmohan Singh's
announcement of duty-free access to 46 textile items from the
country, saying the move would further encourage contract
manufacturing by Indian exporters and boost exports.
Bangladesh had been pressing for the last two years to
get duty waiver on 61 products. Of the products, 47 were
apparel items including pants, shirts, blouses, skirts, kids
wear, cotton nightwear, jeans, swimwear and tracksuits.
Salim Osman, president of Bangladesh Knitwear
Manufacturers and Exporters Association (BKMEA), said
Bangladeshi apparel makers will do well in Indian market.
"I am hopeful that our clothes will be competitive in
terms of both quality and prices," said the BKMEA president.
"Our export earnings will double in the years ahead due
to an opening of market opportunities in India," said Osman.
He also said the zero duty benefit will give a boost to
the hosiery industry, which employs three lakh people, by
widening the market opportunities for undergarments.
The duty-free benefit will give rise to opportunities for
contract manufacturing by Indian firms as well, he said.
David Hasanat, chairman of leading clothes maker
Viyellatex Group, said the duty-free benefit will help boost
garment exports to India which has a market in the form of
growing middle class.
In April this year, Commerce and Industry Minister Anand
Sharma had announced duty-free import of garments from
Bangladesh from 8 to ten million pieces.
Hasanat said Bangladeshi clothes are better than those of
India in terms of quality.
Singh, on a visit to Dhaka, had announced the unilateral
trade concession to Bangladeshi textiles after his talks with
Bangladesh Prime Minister Sheikh Hasina seeking to address
Dhaka's concern over huge trade surplus with Bangladesh.
While exports from India to Bangladesh more than doubled
to USD 4.05 billion in 2010-11 from USD 1,998.58 million in
fiscal 2006-07, according to official data, imports from
Bangladesh is to the tune of about USD 400 million. PTI PAL
MNS
