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India’s import restrictions on Bangladesh to snag $770-800 million trade fabric 

  • India has imposed import restrictions on Bangladesh in response to Bangladesh's restrictions on Indian yarn exports and rice imports as well as growing ties with China.
  • The restrictions cover more than 40% of Bangladesh's exports to India, amounting to about $770 million.
  • Indian garment manufacturers are expected to benefit from these restrictions as they aim to increase production and reduce reliance on Bangladesh.
  • The restrictions also aim to curb the backdoor entry of duty-free Chinese fabrics into India through Bangladesh and focus on boosting local manufacturing in north-eastern States.

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