India Bans Land Imports of Textiles From Bangladesh: Shifting Trade to Seaports

India has implemented a ban on importing textiles from Bangladesh through land routes, diverting trade exclusively to seaports in Kolkata and Nhava Sheva. This policy aims to bolster the domestic textile industry, which is projected to capture a significant market share. The ban affects imports worth ₹6,000 crore annually, potentially shifting that demand towards Indian manufacturing valued at ₹1,000-2,000 crore. 💰 While local producers stand to gain from increased market share and reduced reliance on imports, the move is anticipated to lead to a potential price rise for certain winter apparel items. 📈. This policy change echoes historic protectionist measures within the region, prompting Bangladesh to re-strategize its export approach.