Indian exporters noted that Bangladesh’s political turmoil could lead to a short-term shift of garment orders to India. Former Prime Minister Sheikh Hasina’s resignation amid violent protests over job quotas has created instability. Mithileshwar Thakur from the Apparel Export Promotion Council emphasized India’s empathy and disinterest in exploiting the situation. While Indian garment exports are expected to benefit in the short term, normalization in Bangladesh is crucial for smooth trade and timely payments. Investors should watch for potential gains in Indian garment stocks due to this disruption.
Political Crisis in Bangladesh May Shift Garment Orders to India
