Garments’ exports from India are expected to reach US$14.5 billion by 2010. As well as the appreciation of the rupee against the dollar, India’s exports are being hit by increasing competition from . The effects of a weakening dollar are having less impact however, on neighboring Pakistan Bangladesh and Sri Lanka, which are emerging as strong competitors to India in the international textile and garment market. .Garments account for 80% of overall exports by Bangladesh – US$9.3 billion out of a total US$12.18 billion in export earnings in the financial year to June 2007, with forecasts that it will cross the US$11 billion mark this year. The Bangladesh Garment Manufacturers and Exporters Association is targeting doubling apparel exports to US$18 billion by 2010..Source: MENAFN Press.
Date:5/14/2008
Source: