Bangladesh crisis: Apparel export boost for India

Bengaluru: It is anticipated that the unrest in Bangladesh may force some international apparel orders to be redirected to India, establishing that nation as a top manufacturing option in the event that the political unrest disrupts supply chains.

"India might becoming increasingly alluring as a location for clothing producers looking to spread out their risks. According to J Suresh of BCG, India, which already holds a 4% market share in the global textile industry, has the potential to gain another 2% market share in the global garment sector.

Indian textile entrepreneurs also anticipate increased demand for apparel exports soon. Prabhu Dhamodharan, convenor of the Indian Texpreneurs Federation in Coimbatore, told TOI that international buyers might divert 10-15% of orders to other destinations as a short-term strategy. However, for long-term growth in the Indian apparel sector, a focus on the China-plus-one strategy is necessary.

Bangladesh and Vietnam are gaining market share in garment exports due to attractive labour costs and large-scale manufacturing.