World Bank study reveals limited prospects for RMG exports to India
07 Dec '06
1 min read
As present tariffs and other restrictions remain same on imports into India from rest of the world, the country's prospect of expanding exports will be few by signing a free trade agreement (FTA) with India, the world bank observed recently in its latest study titled 'India-Bangladesh Trade, Trade Policies and FTA.
The study highlighted potentialities of products especially RMG to be exported to India.
The RMG market in India is far larger and more diversified than RMG production in Bangladesh. Even so, because of the importance of product differentiation in final consumer goods like garments-style, fashion, brands etc-some Bangladesh producers might be able to find market niches in India if they are able link into strong Indian marketing organizations. However the reverse is also the case, and under an FTA with India, RMG exports from India to Bangladesh based on these considerations could be substantial, study revealed.
marketing@alchempro.com
