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BharatTextile.com ť Import/Export News ť BANGLADESH: Bangladesh expects $25 bln textile exports by 2013

BANGLADESH: Bangladesh expects $25 bln textile exports by 2013

Bangladesh expects to treble its textiles exports to $25 billion over the next five years at the expense of China and India

Bangladesh expects to treble its textiles exports to $25 billion over the next five years at the expense of China and India, which have to cope with rising currencies, a top business leader said on Wednesday. The Bangladesh taka has traded around 68.5 per dollar since the middle of 2007.But China's yuan has risen 8.6 percent and India's rupee has gained more than 2 percent over the same period. Both currencies are expected to continue rallying, which makes exports more expensive for buyers...

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