Indian manufacturers hike Bangladeshi investment

摘要

To beat the high manufacturing and labor costs in the country, many Indian garment manufacturers are moving their manufacturing facilities to Bangladesh to take advantage of the lower production and labor costs in this neighboring country. It is estimated that Indian textile and garment companies have already invested Rs 30 billion in Bangladesh during the current fiscal 2011-12. And this investment is likely to increase significantly. Garment imports from Bangladesh to India increased around three-times to Rs 108 crores during the first six months of current fiscal.