Export profits to India reached a new high of US $ 1.5 billion in just nine months, for the first time, and if the present favorable trend continues, export earnings to India may exceed the US $ 2 billion milestones by the conclusion of the current financial year, according to exporters and analysts. The article is about Bangladesh Registers Record Exports to India.
According to media reports, Bangladesh exported goods worth the US $ 1.53 billion to the Indian market in the first nine months (July-March) of the current fiscal year 2021-22, even though, according to the latest data from Bangladesh’s Export Promotion Bureau (EPB), India is now the country’s seventh-largest export market.
“Value of garments made in Bangladesh is increasing in India. It seems that it will continue to grow,” reportedly maintained in the meanwhile, Director of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Mohiuddin Rubel, who allegedly felt exports to India are increasing due to geographical reasons. Reports went on to say that In terms of garment exports to India, Bangladesh has already surpassed China.
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