Crisis in Bangladesh Boosts Shares of Indian Textile Makers.

PUBLIC demonstrations; POLITICAL stability; INTERIM governments; VIOLENCE; TEXTILE products

Shares of Indian textile makers have seen a significant increase due to the political turmoil in Bangladesh, which has the potential to disrupt supply chains. Bangladesh's textile exporters are at risk of losing business as a result of the political instability, with violent protests leading to Prime Minister Sheikh Hasina fleeing the country. Indian manufacturers such as KPR Mill, Arvind Ltd., Gokaldas Exports Ltd., Vardhman Textiles Ltd., and Welspun Living Ltd. have all experienced a surge in their stocks, as investors anticipate a higher market share. Bangladesh is the second-largest exporter of ready-made garments and textile products in the world, with exports worth $45 billion in 2022, surpassing India's. If disruptions to the supply chains in Bangladesh continue, global buyers may seek alternatives, providing an opportunity for Indian textile makers to gain market share. Bangladesh's military has promised to establish a new interim government after the resignation and departure of Prime Minister Hasina. [Extracted from the article]

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