The country’s earnings from readymade garment exports to India increased by 138.54 per cent in July-August of the current financial year (2018-19) compared with that in the same period of last fiscal year. RMG exports fetched $101 mn in July-August of FY19 against $42 mn in the same period of FY18. According to the Export Promotion Bureau data, the country’s exports to the US and Germany achieved a minimal growth in the first two months of FY19, while the exports to most of the European countries witnessed a negative growth. Exporters said that the shipment to the EU market was heavily hampered in the month of August due to the Eid-ul-Azha holidays and the earnings from that zone witnessed a negative growth in the month. The EPB data, however, showed that export to India in July-August of FY19 increased by 127.08 per cent to $244.65 mn from $107.73 mn in the same period of FY19.
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