Wednesday, 11 Dec, 2024

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India.com's claims on Bangladesh apparel industry misleading: CA Press Wing

News Desk | banglanews24.com
Update: 2024-12-11 13:01:33
India.com's claims on Bangladesh apparel industry misleading: CA Press Wing

The Chief Adviser's Press Wing has rejected a report published by India.com on Tuesday, which claimed that many global brands are shifting their focus from Bangladesh to Indian manufacturers. 

The press wing called the report misleading in a statement shared on its official Facebook page, CA Press Wing Facts.

The statement clarified that the claim of brands moving their orders to India is false. 

It also highlighted that Bangladesh's export earnings for November 2024 reached US$ 4.12 billion, marking a strong 15.63% growth compared to the previous month.

"Cumulatively, exports during the July-November 2024 period reached US$ 16.11 billion, achieving a 12.34 percent growth compared to US$ 14.34 billion in the same period last year," the statement read. 
 
The CA press wing said the apparel sector contributed significantly with US$ 3.06 billion in November, marking an impressive 16.25 percent growth from US$ 2.84 billion in October.

BDST: 1257 HRS, DEC 11, 2024
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