Nonpayment by an Indian importer is taking toll on the country's apparel export to that market creating panic among the exporters, industry people said.
Apparel export earning, especially from the knit products, fell drastically during the first quarter of the current fiscal year (2012-13) which manufacturers and exporters mainly attributed to the nonpayment issue by the Indian importer.
They said local exporters are gradually losing their interest in doing business with the Indian importers fearing further such fraudulence by any dishonest importer though they do not want to lose such a big market.
Bangladesh's clothing exports to India is facing the setback as about two dozens local garment factories have failed to secure payment of nearly $5.0 million from an Indian buyer Liliput Kidswear Ltd.
Exporters were supposed to get their payment in October-November, 2011 but Lilliput delayed the payment and made a commitment to pay it by June 30, 2012. But the company had failed to pay by the deadline.
Earning from knit products from the Indian market stood at $4.01 million during the July-September period of 2012-13 fiscal marking a negative growth by 21.26 per cent compared to the corresponding period of last fiscal.
Knit earning stood at $5.0 million during the first three months of 2011-12 fiscal.
But woven sector fetched $17.78 million during the July-September period of current fiscal, showing a 46.89 per cent growth.
Earlier, the Indian government has given duty-free access of Bangladeshi garments to India as a gesture of better bilateral relations between the two countries.
The facility encouraged the local garment exporters to explore the Indian market with much enthusiasm. India's growing middle-class consumers are the main customers of the basic garment items from Bangladesh, industry people said.
Exporters consider the Indian market as one of the promising markets like China, Japan and Russia and are trying to explore the market as part of their market diversification, they said.
They expected earning from the Indian market will cross hundred million dollar by year- end.
"But before getting the benefit of duty free access to that market, export is facing a negative blow," an exporter said stressing on trust between the business communities of the two countries to improve the bilateral relations.
Country's garments export to India was increasing, especially after the duty-waiver, AH Aslam Sunny, second vice president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) told the FE.
"But the non-payment issue has created panic among the exporters who are now reluctant in doing business with the Indian buyers," he said blaming this incident behind the fall in knit export to that market.
Moreover, exporters are now very busy in dealing with EU and US as orders are coming with the start of new season, he explained.
Former President of BKMEA Fazlul Hoque said the Liliput issue has cut down the level of confidence among the local exporters.
Mohiuddin Faruqui, chairman of Multifabs Ltd said smuggling of locally made apparel from the border area is also responsible for the recent fall in export to Indian market.
"Rate of smuggled products is lower compared to the exported items," he explained.
"Though the earning from woven is increasing, the non-payment by the Indian Liliput has a negative impact on the exporters," Second Vice President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Md Siddiqur Rahman said.
来源: 中国纺织网
相关资讯
- 2025中国(郑州)国际服装纺织面料辅料及机械展
- 2025中国(郑州)国际纺织服装面料辅料及机械展
- 2025潍坊(诸城)纺织服装产业国际精准采购节即将启幕
- 中国纺联正式启动纺织服装行业可信数据空间建设,首批成员单位共同倡议“广泛互联、资源共享、价值共创”
- 第八届中国纺织非遗大会将于11月在海宁许村举办
- 同频国际,2024中国纺织品服装贸易展览会(纽约)启幕
- 同频国际,2024中国纺织品服装贸易展览会(纽约)启幕
- 时尚征途再出发,2023中国服装论坛高精尖创新大会掀起“头脑风暴”
- “大湾区”有“大未来”,大湾区纺博会启幕
- 2024年第十四届中国南京国际酒店用品博览会
- 2024年中国食品饮料博览会/南京食品饮料展览会
- 2024年中国江苏(南京)食品加工及包装展览会
资讯排行
- 科技感十足!我国登月服“望宇”名称确定,与“飞天”舱外服遥相呼应
- 携手打造央地合作新标杆,通用技术高新材料集团领导调研盛泽、国家先进功能纤维创新中心
- 2024年我国纺织行业经济运行总体平稳
- 全面提升市场形象,中国轻纺城开启管理专项行动
- 追忆黄金十年,中国服装产业“时尚觉醒”纪实-纺织服装周刊
- 溢达集团无水染色技术首个商业化项目正式落地-纺织服装周刊
- 质领2025·先锋谈|宁纺集团总经理徐建林:解锁“12346”密码,开启发展加速度-纺织服装周刊
- 全国高职院校首批服装3D数字化设计技能等级证书出炉
- 中国纺联启动《纺织服装行业碳足迹管理体系》标准编制工作
- BRICS+金砖国家时尚峰会加强全球时尚联系
- 中国现代内衣之父——安莉芳集团创始人郑敏泰
- 2024中国纺织服装行业年度大盘点——十大新闻事件-纺织服装周刊
- 岁末年初,盘点纺织行业数实融合最新进展-纺织服装周刊
- 【央视快评】奋力推动新时代社会工作高质量发展-纺织服装周刊
- 2025中国(郑州)国际纺织服装面料辅料及机械展