ঢাকায় গ্রাসিম...
প্রথম পাতা ›  বিবৃতি ও বক্তৃতা  ›  ঢাকায় গ্রাসিম...

High Commission of India

Dhaka 

Remarks by High Commissioner of India, Mr. Harsh Vardhan Shringla at the Technical Symposium on “Current Trends in Textiles” organized by Grasim Industries Ltd. (Aditya Birla Group), Dhaka, May 22, 2017 

  • Hon’ble Industries Minister of Bangladesh, H.E. Mr. Amir Hossain Amu
  • Managing Director, Grasim Industries Limited, Mr. Dilip Singh Gaur
  • Ladies and gentlemen 
  • I am delighted to be here for the technical symposium on “Current Trends in Textiles” organized by Grasim Industries Limited, India. 
  • The Readymade Garments (RMG) sector in Bangladesh has seen impressive growth over the years accounting for more than 80% of the total exports earnings of the country. 
  • Following the unilateral decision by India to grant duty free quota free access to Bangladesh in 2011, Bangladesh’s RMG exports to India have more than doubled to USD 136.4 million in 2015-16 from USD 55 million in 2011-12. In 2015-16, Bangladesh’s RMG exports to India grew by 31%. Bangladesh’s overall exports to India have also registered significant growth. In 2015-16, Bangladesh exports to India increased by 30.82%. 
  • India also supplies a large part of critical inputs such as cotton and manmade fibres, yarn and fabric, and chemicals for the Bangladesh RMG industry. As the Bangladesh RMG industry strives to meet the target of exporting USD 50 billion per year by 2021, its linkages with the Indian textiles industry will be critical. Besides being the top cotton producer in the world, India possesses huge capacities for producing yarn and fabric, and is also amongst the largest manufacturers of manmade fibres, yarn and fabric. As a neighbour, India is ideally positioned to supply these inputs at lower prices and with lower lead times to the Bangladesh RMG industry. 
  • While cotton continues to be the important raw material for the textile industry, manmade fibres like the viscose staple fibre – the flagship product of Grasim Industries – will increasingly meet the growing demand for fibres. Another area with great potential is ‘technical textiles’ which is seeing rapid growth with its uses increasing in industries such as defence, healthcare, construction, sports etc. Manmade fibres and technical textiles are already amongst the fastest growing areas in the Indian textiles industry, and India can also meet Bangladesh’s demand for these items. 
  • The global textile industry is witnessing some important changes. The manufacturing is increasingly shifting to countries in South and Southeast Asia due to the cost advantages offered. Rapid economic growth and rising disposable incomes are contributing to fast growth in apparel consumption in the developing countries. India and Bangladesh need to work together to take advantage of these opportunities by creating and strengthening cross border value chains. Bangladesh should also take full advantage of the growth and size of the Indian market of 1.3 Billion people by not only focusing on exports but also on investing and manufacturing there. Make in India programme launched by the Government of India offers significant advantages to companies investing in India. 
  • Let me conclude by extending an invitation to the Bangladesh RMG industry to attend Textiles India 2017 being organized in Gandhinagar, Gujarat from June 30-July 02, 2017. The mega trade event for the Textile and Handicraft sectors will be inaugurated by the Hon’ble Prime Minister of India, Mr. Narendra Modi. The event will showcase the entire range of Indian and global textile products from ‘Farm to Fiber to Fabric to Fashion’. Around 2500 international buyers, international and Indian exhibitors, and 15000 Indian buyers are expected to attend Textiles India 2017. Several round-tables will also be held on issues of concern for the various segments of textiles and handicrafts with prominent international speakers and industry leaders. I am told that BGMEA is sending a delegation to attend the event. I would like to see Bangladesh RMG industry participate in large numbers in India Textiles 2017. 

****

 
 
 


Address: High Commission of India
Plot No. 1-3, Park Road, Baridhara, Dhaka 1212
Working hours: 0900 to 1730 hrs
(Sunday to Thursday)
Telephone Numbers: 00880-2-55067647
EPABX : 00880-2-55067301-308 and 55067645-649
Fax Number: 00880-2-55067361
Copyright policy | Terms & Condition | Privacy Policy |
Hyperlinking Policy | Accessibility Option | Help

© High Commission of India, Bangladesh 2013. All Rights Reserved.
Powered by: Ardhas Technology India Private Limited.