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Bangladesh-India cooperation can give tough time to world textile competition: State Foreign Minister, Bangladesh

Bangladesh-India cooperation can give tough time to world textile competition: State Foreign Minister, Bangladesh AIR The State Foreign Minister of Bangladesh Shahriar Alam has said that cooperation between Bangladesh and India can give global competitors in the textile sector a tough time as India is one of the top cotton exporting countries and Bangladesh is the second largest RMG exporter in the world. To cater to the demand of the Ready Made Garments (RMG) sector, Bangladesh depends heavily on cotton import. It is one of the top cotton importing countries in the world. Shahriar Alam said that even though cotton production in Bangladesh has increased substantially, it is still importing 98 per cent of its requirement, reports the news agency UNB. He said Bangladesh’s dependency on the cotton import requires it to address the issue of cotton production and sourcing properly.

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