Bangladesh import curbs won't hurt Indian textile majors, say experts

India's recent decision to restrict Bangladeshi imports through land routes has raised questions about its potential impact on the domestic textile industry. However, industry experts are confident that Indian textile majors will remain largely unaffected. The move is primarily aimed at addressing trade imbalances and protecting local interests, but the well-established supply chains and diverse sourcing strategies of Indian companies are expected to mitigate any immediate disruptions. Industry analysts highlight that Indian textile giants have long diversified their sourcing networks beyond Bangladesh, ensuring resilience against such regulatory changes. Many companies have already begun to shift their focus to alternative markets and suppliers, both within India and internationally, to maintain steady production and meet demand. This adaptability is seen as a key factor in minimizing the impact of import curbs on their operations. Moreover, the Indian government's proactive stance on boosting domestic production and enhancing export competitiveness further strengthens the sector's position. Initiatives aimed at supporting local manufacturers and expanding infrastructure are anticipated to cushion any potential short-term setbacks. As the industry continues to navigate these changes, the overall outlook remains optimistic, with experts suggesting that Indian textile majors are well-prepared to thrive amidst evolving trade dynamics.

— Authored by Next24 Live