Can India’s garments industry benefit from Bangladesh’s turmoil?
Despite the disruption, Bangladesh remains far ahead
Asia’s rise has been stitched together by the textile industry. Across the continent, the production of t-shirts and trousers for the global market has drawn millions from fields to factories. No country exemplifies the power of this process more than Bangladesh. Since building its first export-orientated apparel factory in 1978, a joint venture with a South Korean firm, Bangladesh has turned its economy into a clothes-exporting powerhouse. The sector employs some 4m people, mostly women, and contributes 10% of the country’s GDP. Last year Bangladesh shipped $54bn-worth of garments, second only to China.
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This article appeared in the Asia section of the print edition under the headline “Knitted and knotty”
Asia September 14th 2024
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