Air freight rates ex-Dhaka set to surge after transhipment options are cut
Airfreight rates out of Dhaka are expected to surge after India cancelled transhipment access for ...
Photo: Paul Prescott
| Dreamstime.com
Indian apparel exporters are seeing an opportunity to grab more export orders amid the current production disruption in Bangladesh.
This month, Bangladesh has seen violent demonstrations by garment workers over wage demands, bringing factory lines to a halt and global buyers already had concerns over political tensions ahead of elections in December for a new government.
Meanwhile, the Indian apparel industry aims to reach $40bn in RMG (ready-made garment) exports by 2030, from $16bn registered last fiscal year.
“This target, aptly named 40 ...
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