The problems being confronted within the motion of cargo by Petrapole and Benapole ports are additionally being investigated, she was quoted as saying by a information company.
Irani mentioned imposition of zero obligation on exports of ethnic attire from India to Bangladesh would assist improve commerce.
“The Indian business can rejoice if Bangladesh permits retail of ethnic attire from India at zero duties,” she mentioned.
Irani careworn that India ought to concentrate on growing yarn and cloth exports to Bangladesh.
“Each side are conscious that after we evaluate our share of imports in Bangladesh with China, whereas China stands at 54 per cent, we stand at solely 17 per cent given the excessive tariff on Indian textiles and attire export merchandise,” the textiles minister mentioned.
The minister mentioned she was hopeful that the dialogue to be undertaken for a decision on the proposed memorandum of understanding by each the international locations can replicate on these challenges.
The Cotton Company of India (CCI) which at current is holding surplus shares of cotton, is understanding the modalities for exporting to Bangladesh, which is able to assist serve the necessities of its spinning business.
The minister noticed that India also can be taught from the Bangladesh’s expertise with diversified jute merchandise and accomplice with the nation to seize a share in international worth chain of silk as effectively.
Fibre2Fashion Information Desk (DS)
Varied measures are being seemed into to deal with logistics challenges and cut back the turnaround time for seamless motion of cargo between India and Bangladesh, in accordance with Indian textiles minister Smriti Irani, who just lately informed a webinar organised by the Confederation of Indian Trade that leveraging the inland waterway route may even be checked out.
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