There is trade worth several thousand rupees between India and Bangladesh. A large quantity of cheap finished T-shirts and jeans come to India from Bangladesh.
The impact of the violence and unrest in Bangladesh is now being felt in the Indian markets. The impact of the coup in the neighboring country is now also being felt in the trade between India and Bangladesh. In particular, the cheap jeans and T-shirts available in the markets of Delhi-NCR are now at risk.
According to traders at the wholesale ready-made garment markets in Delhi, the ready-made garments in the Indian markets, which mainly include T-shirts and jeans, are all from Bangladesh. But with violence spreading in Bangladesh in the last few days, trade between the two countries has almost come to a standstill. No goods are being supplied from there, nor are they being shipped from here to there.
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Shri Bhagwan Bansal, General Secretary, Delhi Hindustani Mercantile Association, Chandni Chowk, says that besides wholesale markets like Chandni Chowk, Delhi’s Gandhi Nagar Cloth Market, Tank Road Readymade Garment Market as well as retail markets like Lajpat Nagar Market, Sarojini Nagar Market etc. also sell Bangladeshi readymade garments. A large number of customers from all over the country come here to shop. From these wholesale markets in Delhi, goods are supplied which are sold in every corner of the country. Traders from India come here, buy goods and take them away.
However, Bansal said that after this setback in Bangladesh, the connection with the traders there has virtually been broken. It is neither possible to send goods from here to there nor are we able to receive goods from there.
Clothes cost between 60 and 200 rupees
Bansal says that Bangladeshi readymade garments are also popular here because they have excellent T-shirts for Rs 60 to Rs 200 which the traders here sell with their margin. At the same time, stitched jeans made of denim are also cheap there because labour is cheap there and jeans are stitched very cheaply. Hence, these T-shirts and jeans are sold in abundance in the open markets of Delhi NCR.
There may be a shortage of goods
Bansal says that given the current situation in Bangladesh and the fact that full-scale trade is not possible from there, there could be a shortage of goods in the Indian markets. Currently, traders are selling whatever they have in stock. This is also because festivals are coming up in the country shortly. It starts with Rakshabandhan. Then come Janmashtami, Navratri, Diwali and the wedding season in the next few days.
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Bangladesh, News from Bangladesh, News from Delhi, Sheikh Hasina, Textile market
FIRST PUBLICATION: 10 August 2024, 15:00 IST
