Eyes on $100 billion apparel export by 2030

[PadmaBridge]

আরে ভাই, রিপ্লাই না দিলে কী হয়? ব্লক করে দেন, শান্তিতে থাকেন।

On LinkedIn a hoard of Indians are attacking a white dude for questioning the age of one - Padma Sri.

Allegedly aged 125 years HAHAHA

LOOKS NO MORE THAN 90.

Their delusions of grandeur knows no bounds!

Anyway other whites have joined to make fun of them.

 

[chinasun]

Strive to support local enterprises, only local enterprises have enough high-paying jobs to retain talents. Providing adequate employment opportunities for college students is as important as education. Bangladesh is on the development highway.

 

[lightoftruth]

@Bilal9

Bilal bhai,

India fell behind because of red tape and govt. inaction in the low labor cost states.

That makes sense. The "low labor cost states" (BIMARU basically) are some of the worst governed states in India where no one would invest; and the status of the women is one of the poorest. Seems quite reasonable why the womanpower fuelled RMG story couldn't have happened there.

Regards

Indian Textiles exports stood at 44 billion USD with substantial post covid growth rate by no means we are lagging behind, considering we have a huge domestic market of 1.4 billion people to cater to in comparison Bangladesh is completely dependent on these exports (about 90% is textiles) ,once this market stagnates its over for them.

India's textiles exports highest-ever in FY22 at $44.4 bn, says govt​

https://www.business-standard.com/a...fy22-at-44-4-bn-says-govt-122053101393_1.html

 

[Bengal71]

Indian Textiles exports stood at 44 billion USD with substantial post covid growth rate by no means we are lagging behind, considering we have a huge domestic market of 1.4 billion people to cater to in comparison Bangladesh is completely dependent on these exports (about 90% is textiles) ,once this market stagnates its over for them.

India's textiles exports highest-ever in FY22 at $44.4 bn, says govt​

https://www.business-standard.com/a...fy22-at-44-4-bn-says-govt-122053101393_1.html

Which market will stagnate? The export market?

 

[lightoftruth]

Which market will stagnate? The export market?

RMG Market in EU.

 

[Bengal71]

RMG Market in EU.

How can it stagnate? People are always going to need clothing.

 

[lightoftruth]

How can it stagnate? People are always going to need clothing

Yes, they will, stagnation doesn't means exports will decline, they will saturate at one level.

 

[Bengal71]

Yes, they will, stagnation doesn't means exports will decline, they will saturate at one level.

You mean BD export of RMG maxing out? We haven't reached that point yet, long to go. We will go to the max possible at the same time explore other industries.

 

[SoulSpokesman]

@lightoftruth

Satyaprakash bhai,

India's textiles exports highest-ever in FY22 at $44.4 bn, says govt​

Fair enough. But I have a couple of points to make (although I am not much of an expert on this industry)

1. India is a far bigger country and should be making much larger exports than BD.
2. As far as I know a large chunk of exports are yarns and fabrics- the employment of labour is much lesser compared to RMG. (Please feel free to correct me if I am wrong as I said I dont know much about this industry)

Regards

 

[Rushd Alam]

EU sees all possibilities for Bangladesh to move to GSP Plus scheme

The European Union sees all possibilities for Bangladesh to move to GSP Plus scheme from Everything But Arms (EBA) scheme, in terms of exporting Bangladeshi products to the EU.

www.thedailystar.net

Bangladesh is just about to graduate from LDC and become a developing country. Middle income status is not on the cusp any time soon.

Its not Bangladesh who wants to graduate LDC, its the world that would not allow us to be a LDC anymore. If we had the chance we would have kept the status to rip the benefits for another 20 years. Sadly the party is over.


Our per capital income has long ago crossed lower entry level middle-income status. So do not mixup the LDC and middle-income status, first should readup a bit before posting.

 

[UKBengali]

Indian Textiles exports stood at 44 billion USD with substantial post covid growth rate by no means we are lagging behind, considering we have a huge domestic market of 1.4 billion people to cater to in comparison Bangladesh is completely dependent on these exports (about 90% is textiles) ,once this market stagnates its over for them.

India's textiles exports highest-ever in FY22 at $44.4 bn, says govt​

https://www.business-standard.com/a...fy22-at-44-4-bn-says-govt-122053101393_1.html

When you take into account service exports then the percentage of textile exports is 75% of all exports.

45 billion from textiles and 15 billion from other sectors.

Published figures are for some weird reason just physical goods and do not include services.

Textile exports is actually slowly falling as percentage but not yet noticeable as the sector is far bigger export earner than all others combined,

 

[Wood]

Our per capital income has long ago crossed lower entry level middle-income status. So do not mixup the LDC and middle-income status, first should readup a bit before posting.

Haha.. who is the authority to define middle income status and what is the magic number? Educate us since you think that you are so well read

 

[Rushd Alam]

Haha.. who is the authority to define middle income status and what is the magic number? Educate us since you think that you are so well read

The world's Middle Income Countries (MICs) are a diverse group by size, population, and income level. They are defined as lower middle-income economies - those with a GNI per capita between $1,036 and $4,045; and upper middle-income economies - those with a GNI per capita between $4,046 and $12,535 (2021).5 Oct 2020

https://www.worldbank.org › mic

Middle Income Countries Overview - World Bank Group​

Answer:
Daddy World Bank

Please do not say now, who is World Bank?

If you can not read then also can google.

 

[lightoftruth]

@lightoftruth

Satyaprakash bhai,

India's textiles exports highest-ever in FY22 at $44.4 bn, says govt​

Fair enough. But I have a couple of points to make (although I am not much of an expert on this industry)

1. India is a far bigger country and should be making much larger exports than BD.
2. As far as I know a large chunk of exports are yarns and fabrics- the employment of labour is much lesser compared to RMG. (Please feel free to correct me if I am wrong as I said I dont know much about this industry)

Regards

1. We do make much larger exports than bangladesh in totality, in terms of textiles too we will most likely overtake them in 3-4 years time.

2. This is the breakup :-

"In terms of product categories, the export of cotton textiles was USD 17.2 billion with 39 per cent share registering a growth of 54 pet cent and 67 per cent during 2021-22 over FY21 and FY20, respectively," an official statement said.

Export of ready-made garments stood at USD 16 billion with 36 per cent share showing a growth of 31 per cent and 3 per cent during 2021-22 over FY21 and FY20, respectively.

Man-made textiles exports were to the tune of USD 6.3 billion with a 14 per cent share, which shows a growth of 51 per cent and 18 per cent during 2021-22 over FY21 and FY20, respectively.

Export of handicrafts was USD 2.1 billion with 5 per cent share, reporting a growth of 22 per cent and 16 per cent during 2021-22 over FY21 and FY20, respectively, the textiles ministry said."

Textile industry employs 4.5 crore people in india with 36-38 % exports being RMG.

https://www.ibef.org/industry/textiles

 

[Wood]

The world's Middle Income Countries (MICs) are a diverse group by size, population, and income level. They are defined as lower middle-income economies - those with a GNI per capita between $1,036 and $4,045; and upper middle-income economies - those with a GNI per capita between $4,046 and $12,535 (2021).5 Oct 2020
View attachment 859582
https://www.worldbank.org › mic

Middle Income Countries Overview - World Bank Group​

Answer:
Daddy World Bank

Please do not say now, who is World Bank?

If you can not read then also can google.

Good job googling. I knew that I can use your expertise here

When South Asian people say 'we will get to middle income soon', they don't mean lower middle income. It is obvious that $4000+ income category is what people mean. Bangladesh is on the verge of moving away from LDC, but it is not on the cusp of crossing $4000 per capita income anytime soon. This is what I had meant. You over zealously presume that others do not know the difference between LDC and income level.