CosmicTaco

India Gains Edge in Apparel Market Amid Bangladesh Turmoil

CosmicTaco · 2024-10-21T16:24:14.716501+05:30

- **American buyers** are shifting focus to India due to **political stability**. - **US ITC report** highlights India's rising credibility in **apparel sourcing**. - **India's apparel exports** to the US rose to **5.8%** in 2023, totaling **$4.6 billion**. - **Challenges**: High labor costs, small production units, and limited MMF capacity. - **India's strengths**: Vertical integration and reliability in **cotton garments**. Source: [Firstpost](https://www.firstpost.com/world/indias-political-stability-drawing-american-buyers-to-its-apparel-fashion-sector-13827536.html), [The Economic Times](https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/india-gains-momentum-in-us-apparel-market-amid-challenges-in-global-supply-chains/articleshow/114419427.cms)

American buyers are shifting focus to India due to political stability.
US ITC report highlights India's rising credibility in apparel sourcing.
India's apparel exports to the US rose to 5.8% in 2023, totaling $4.6 billion.
Challenges: High labor costs, small production units, and limited MMF capacity.
India's strengths: Vertical integration and reliability in cotton garments.