India too exports Mangos ...As far as Onion is concerned, yes there is some demand but its uncertain and momentory only when Indian crop is delayed or got affected by something...otherwise, India too exports Onion.
Exports to India hit 4yr low, China boom
- Thread starter idune
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India too exports Mangos ...As far as Onion is concerned, yes there is some demand but its uncertain and momentory only when Indian crop is delayed or got affected by something...otherwise, India too exports Onion.
Psycho Pakistani
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The greedy baniyas will never like pakistan to earn any net income in case of bilateral trade regardless of whatever trade agreement is made with them.
Fraud by Indian Co - 22 garment exporters not getting payment
Kazi Zahidul Hasan
The export of garments from Bangladesh to India has been facing setback following withholding of payment by the India buyers.
Sources said some 22 local exporters have consigned garments worth of millions of dollar to an Indian buyers following proper export procedure, but they are yet to receive payment.
"Recently several garments manufacturers have exported their products to an Indian company but the exporters have not received their payments from the buyer," Md Siddiqur Rahman, Vice-President of BGMEA told The New Nation on Wednesday.
Value of exported goods was $5.0million and the goods were duly exported to the Indian buyer, he added. The name of the India buyer is Lilliput Kids wear Ltd located at Okhla Industrial Area Phase-1, New Delhi.
The 22 unlucky exporters are Mazkan Jeans Ltd, Vertex Apparels Ltd, Barat Sweater Ltd, Gemini Garments Ltd,A Plus Sweater, Sinha Fabrics Ltd, Anupam Fashions Ltd, Panshi Knit, Kent Fashion, Annesha Style Ltd, Hypoid Lingeries Ltd, Defo in Design Ltd, New Generation Fashion, Uttaran Woven and Knit Ltd, DNS Sweater, Ayesha Enterprise,IP Jack Knitting, T-Mart Computerized Sweater, Hallmark Design wear, Apparel Concept, Alif Garments and ND Apparels.
"These exporters are as per ICC Publication 600 are likely to be categorized as bank defaulters and they will not able to pay workers wage only because of non-payment of Lilliput Kidswear," feared Rahman.
Non-payment of salaries and wages may flare up labour agitation in these garment units, he further said.
The BGMEA leader also said that BGMEA has been trying and discuss with different concerned agencies for solution and sought the central bank's help in this regard.
"We have already requested authorities of Bangladesh Bank (BB) for issuance of letter to the lien banks of22 victim exporters requesting to be flexible in banking transaction for their survival and business purpose until the problem is resolved," he noted.
Earlier, Indian government has given duty-free access of Bangladeshi garments to its country as a gesture of better bilateral relations between the two countries.
The facility, however, encouraged the local garment exporters and they started exploring Indian market with much enthusiasm.
When asked Rahman said it is an isolated incident and we believe this particular occurrence will not hamper Indo-Bangla trade relations.
A victim exporter seeking anonymity said that they have exported the goods having solid deals with the Indian company and seven local agents of the company have negotiated the whole things of the export.
"There are three groups of exporters who have deprived from the payments, he said adding that one group has sold goods but not received payment, another group manufactured goods but importers denied to take delivery and last one halted production due to non-payment of other parties," he added.
He said those who sent garments to the Indian company received by the freight forwarder but it cleared the goods without submitting proper documents to the concerned banks.
http://thenewnationbd.com/newsdetails.aspx?newsid=33281
Kazi Zahidul Hasan
The export of garments from Bangladesh to India has been facing setback following withholding of payment by the India buyers.
Sources said some 22 local exporters have consigned garments worth of millions of dollar to an Indian buyers following proper export procedure, but they are yet to receive payment.
"Recently several garments manufacturers have exported their products to an Indian company but the exporters have not received their payments from the buyer," Md Siddiqur Rahman, Vice-President of BGMEA told The New Nation on Wednesday.
Value of exported goods was $5.0million and the goods were duly exported to the Indian buyer, he added. The name of the India buyer is Lilliput Kids wear Ltd located at Okhla Industrial Area Phase-1, New Delhi.
The 22 unlucky exporters are Mazkan Jeans Ltd, Vertex Apparels Ltd, Barat Sweater Ltd, Gemini Garments Ltd,A Plus Sweater, Sinha Fabrics Ltd, Anupam Fashions Ltd, Panshi Knit, Kent Fashion, Annesha Style Ltd, Hypoid Lingeries Ltd, Defo in Design Ltd, New Generation Fashion, Uttaran Woven and Knit Ltd, DNS Sweater, Ayesha Enterprise,IP Jack Knitting, T-Mart Computerized Sweater, Hallmark Design wear, Apparel Concept, Alif Garments and ND Apparels.
"These exporters are as per ICC Publication 600 are likely to be categorized as bank defaulters and they will not able to pay workers wage only because of non-payment of Lilliput Kidswear," feared Rahman.
Non-payment of salaries and wages may flare up labour agitation in these garment units, he further said.
The BGMEA leader also said that BGMEA has been trying and discuss with different concerned agencies for solution and sought the central bank's help in this regard.
"We have already requested authorities of Bangladesh Bank (BB) for issuance of letter to the lien banks of22 victim exporters requesting to be flexible in banking transaction for their survival and business purpose until the problem is resolved," he noted.
Earlier, Indian government has given duty-free access of Bangladeshi garments to its country as a gesture of better bilateral relations between the two countries.
The facility, however, encouraged the local garment exporters and they started exploring Indian market with much enthusiasm.
When asked Rahman said it is an isolated incident and we believe this particular occurrence will not hamper Indo-Bangla trade relations.
A victim exporter seeking anonymity said that they have exported the goods having solid deals with the Indian company and seven local agents of the company have negotiated the whole things of the export.
"There are three groups of exporters who have deprived from the payments, he said adding that one group has sold goods but not received payment, another group manufactured goods but importers denied to take delivery and last one halted production due to non-payment of other parties," he added.
He said those who sent garments to the Indian company received by the freight forwarder but it cleared the goods without submitting proper documents to the concerned banks.
http://thenewnationbd.com/newsdetails.aspx?newsid=33281
dude, if you see US itslef has lost many cases against it in WTO...US is one of the biggest supplier (direct/indirect) of subsidy to its farmers...
INDIC
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The ghairatmand non-Baniya of Pakistan will keep on importing more expensive Indian goods through Dubai route but not through Wagah.
NKVD
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New govt has put exemptions in few trade barriers in Budget this time many businessmen's in UK and Japan is interseted investment.you have heard chinese are proposing to invest almost trillion dollars in our infrastructure .Usa proposed investment of 500 billion in india John Kerry is coming india for this investment proposals on 31st July this month also in route to Germany for baging more deals then brics summit countries like india have huge advantages to be part of organisations like brics such you country only dream off.
You are talking bull crap because investment and export are completely different things. Get down from your blind high horse and smell the reality of indian practice of trade barrier and abuse.
NKVD
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Still chinese are ready for investing trillion dollars in are country infrastructure & US to 500 billions
mujhaidind
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On other hand Chinese are flooding Indian markets with their 3-grade products.
I am not sure what level of education and understanding you have but you sure can use some.
Because, US, EU and China have greater power than india and can force india to oblige in fair trade. Even then india is identified as one of the worse practitioner of trade barriers.
Here we are talking about how india use trade barrier and non payment abuse to thwart export from Bangladesh. In case of China or US, india tries it but slapped with counter measure that force india to fall in line.
NKVD
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Sirji new GoI takes Manufacturing sectors to FDI it's and PPP it will automatically increase are exports.
Tax exceptions to pharmaceuticals one of the best exporting sectors in india. Have seen our budget.
mujhaidind
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Powers I agree. Fair trade I don't. China-India trade is pretty one-sided.
China is dumping products which Western countries refuse to buy in India.
What indian policy to increase manufacturing capability has to do with trade barrier and fraud india used against smaller countries? Again, I am not sure what level of education and understanding you have but you sure can use some.
NKVD
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Sirji Trade barriers are also exempted in new budget.as frauds even Usa firms commit frauds so is Eu ,india is not the only one.recently german firms are penalised by Usa for such things .it's part of businesses.
As for my level of education it's above you can afford bot it's you who diverted the topic to "who will do businesses with india" I just firmly replied that
Good, good, good.
Since China has allowed duty free access to over 4,000 BD products , exports have risen from 178 million dollars to 746 millon dollars in just 4 years. If this rate of growth keeps up, then we are looking in excess of over 5 billion dollars by 2020.
@Audio : So this is China giving BD "scraps" then?
@Chinese-Dragon , @xunzi , @ChineseTiger1986 :
Yet more evidence of China's sincerity in being a true friend of BD.
Indian intentions is there for everyone to see. That parasitic country is living off the hard work of BD and is not keeping its promise of increasing imports from BD but I am not at all surprised!
Since China has allowed duty free access to over 4,000 BD products , exports have risen from 178 million dollars to 746 millon dollars in just 4 years. If this rate of growth keeps up, then we are looking in excess of over 5 billion dollars by 2020.
@Audio : So this is China giving BD "scraps" then?
@Chinese-Dragon , @xunzi , @ChineseTiger1986 :
Yet more evidence of China's sincerity in being a true friend of BD.
Indian intentions is there for everyone to see. That parasitic country is living off the hard work of BD and is not keeping its promise of increasing imports from BD but I am not at all surprised!
