look news india
India's imports tripled
According to the information, despite global conflicts, the country's textile export has increased by 8.5 percent to 7.5 billion dollars i.e. 60 thousand crore rupees during April-September in the current financial year 2024-25. According to the data, in September also the export of readymade garments increased by 17.3 percent to 1.11 billion dollars.
The business has spread around the world
Bangladesh's textile business is spread all over the world but amid the crisis, its textile business is also facing losses. If we look at the previous figures, Bangladesh used to export textiles worth 3.5 to 3.8 billion dollars every month. Garments were exported from the European Union to Bangladesh to Britain.
India will benefit
India is directly benefiting from the Bangladesh crisis. If we talk about the last 6 months, India has benefited a lot from the textile industry. Due to the increasing crisis in Bangladesh, industrialists from all over the world are increasing their orders in India. According to experts, in such a situation, India can take advantage of this and also increase its export capacity. At the same time, Indians who have manufacturing units in Bangladesh can also shift their business to India. This will not only increase India's income but will also create employment opportunities in the country.