Commerce Minister Tipu Munshi on Monday said Bangladesh would take initiatives to increase export of readymade garment (RMG) to Indian market, reports BSS.
"India wants Bangladeshi RMG to its market, but there are some problems ... necessary measures will be taken to solve those after identification," he added.
The minister revealed it after a meeting with newly appointed Indian High Commissioner to Bangladesh Riva Ganguly Das at his ministry office.
Terming India as a big market, he said Bangladeshi RMG has good demand in India that is why Bangladesh is trying to increase the export of apparel items to grab the opportunity.
About the India-Bangladesh Border Haat, the commerce minister said it [border haat] has created huge enthusiasm among the people of both countries.
"Process is going on to set up another six border haats along with expansion of purchase limit and periphery of the border haat," he said, referring to the popularity of existing four border haats.
In last fiscal year, Bangladesh exported different products worth $ 873.27 million to India against the import of $ 8619.40 million.
Mentioning that Bangladesh and India have huge scopes to boost bilateral trade, Riva Ganguly laid emphasis on utilising the potentialities.
"Existing barriers to trade between both the countries will be solved through discussion," she said, referring to good demand of few Bangladeshi products in Indian market.
Tipu for boosting RMG export to India
FE Team | Published: March 18, 2019 23:45:16
Tipu for boosting RMG export to India
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