India.com's report published on Tuesday claiming that many global brands are now shifting their focus to Indian manufacturers from Bangladesh is misleading, the Chief Adviser's Press Wing has said.
"The article published on India.com claims many clothing brands are now shifting their focus to Indian manufacturers from Bangladesh to meet their demands. This is a misleading fact," the press wing said in a statement posted on its verified Facebook page, CA Press Wing Facts, on Wednesday.
It said Bangladesh’s export earnings for November amounted to $4.12 billion, reflecting a robust 15.63% growth compared to the previous month.
"Cumulatively, exports during the July-November 2024 period reached $16.11 billion, achieving a 12.34% growth compared to $14.34 billion in the same period last year," the statement reads.
The CA Press Wing said the apparel sector contributed significantly with $3.06 billion in November, marking an impressive 16.25% growth from $2.84 billion in October.
