Disc: Not invested
From what we know (from previous posters), Ambika has been exporting to Bangladesh for some time. Hopefully, with recent developments and the settling down of the country, we will see a smoother flow of transactions. The article is not too positive, but since the country will need to continue to commercially transact, I would assume the business sector will push for the normalcy that was missing so far. From what I know, India is the largest supplier of raw cotton to Bangladesh, fulfilling over 60% of its raw cotton requirements. The Bangladeshi textile industry employs around 4.5 million workers.
Below some numbers, please recheck.
| Type of Cotton | Export Volume (2023) | Export Value (2023) |
|---|---|---|
| Raw Cotton | 1.5 million bales | $1.35 billion |
| Processed Cotton | 1.2 million bales | $0.83 billion |
| Total | 2.7 million bales | $2.18 billion |
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