Cotton accounts for 51 per cent of the total raw material cost in the Indian textile industry and continues to remain at an elevated level, thereby pressurising domestic industry margins, according to India Ratings and Research (Ind-Ra). This raw material cost inflation has been difficult to pass...
The cotton and blends spinning industry in India is passing through a big crisis, similar to the situation last seen in 2010-11, resulting in huge job losses, according to the Northern India Textile Mills Association (NITMA). High interest rates, high cost of raw materials, rise in low-priced...
Bangladesh is a good place to invest in. Some Indian companies have already expressed their desire to invest here, said Indian High Commissioner (HC) to Bangladesh, Vikram Doraiswami.
He said India currently has investments of $3.5 billion in Bangladesh. The establishment of the government's...
The tea industry of India has urged the Centre to work out a preferential trade agreement with neighbouring Bangladesh in order to boost the dwindling tea exports from the country.
The development comes as India’s tea exports may not reach 200 million kg this year amid steep competition...
When the pandemic first locked us indoors, there were things nobody was prepared for. New businesses especially, with no prior experience to lean on, were confronted with a restrictive environment. However, despite these challenges, many start-ups managed to not only survive but also thrive, innovating and thinking...
Indian High Commissioner to Bangladesh Riva Ganguly Das on Tuesday urged Indian business leaders to explore opportunities for collaboration and joint ventures (JVs) with Bangladesh, including exports to third countries. She mentioned about excellent manufacturing environment, vibrant demography and favourable investment atmosphere in Bangladesh. The High Commissioner...
President of Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) Sheikh Fazle Fahim said stimulating the economy in COVID-19 realities, job creation and investments in India-Bangladesh joint ventures are the best way to benefit both the nations. “At this juncture as our bilateral trade stands at...
Only days after The Indian People’s Party (BJP) confirmed its victory in the 2019 general election in India, and its leader, Narendra Modi, began his second term as the country’s prime minister, reports have emerged from the north of the country questioning the ability of the tanning...
Local electronics giant Walton is, arguably, going through a purple patch. For instance, earlier this week, it flagged off shipments of 26,000 air conditioners to India's Hyundai and also inaugurated its sprawling lift manufacturing plant, both of which are firsts for Bangladesh. There appears to be no...