India’s readymade garments (RMG) exports surged by 17.3% in September compared to the previous year, benefiting from political turmoil in Bangladesh, a major global apparel exporter. This growth comes at a time when other apparel-exporting nations have experienced a slowdown due to global economic challenges.
Despite global headwinds like inflation and supply chain disruptions, India’s RMG sector has capitalized on Bangladesh’s political unrest, which has led to the temporary closure of some garment factories.
“India’s RMG exports have shown strong growth despite continued inflationary pressure,” said Sudhir Sekhri, chairman of the Apparel Export Promotion Council (AEPC). “Many major apparel-exporting countries have seen a slowdown in RMG export growth in recent months.”
A report by CareRatings highlighted that if Bangladesh’s socio-political disturbances persist for more than one or two quarters, its garment exporters could face difficulties in meeting delivery deadlines. This could open opportunities for India to capture monthly export orders worth $200-250 million in the short term.
Indian exporters, with their operational efficiencies and backward integration, could potentially secure a permanent market share from Bangladesh, the report added. The situation has paved the way for Indian exporters to strengthen their global presence.
Sekhri also announced plans to boost India’s apparel sector by participating in international fairs and hosting Bharat Tex 2025, a key industry event.
“We’ve held discussions with global brands, and their interest signals a strong intent to deepen ties with Indian exporters,” he noted.
Additionally, the AEPC will organize international roadshows in Spain and New York to promote Indian apparel, technology, and tradition.
Mithileshwar Thakur, AEPC’s secretary-general, emphasized India’s growing reputation as a preferred sourcing destination. “Indian apparel exports have been logging impressive double-digit growth in recent months,” he said.
The growth is further supported by expanding markets in countries that have signed free trade agreements (FTAs) with India, providing a boost to the RMG sector.
“FTA partner countries are driving market expansion and growth for India’s RMG exports,” Thakur added.
