Textile Stocks Rally as India Imposes Curbs on Bangladesh Imports
Indian textile stocks saw a notable surge following the government’s decision to restrict imports of garments and processed foods from Bangladesh via land ports. The new policy is expected to unlock over ₹1,000 crore in business potential for domestic textile manufacturers.
Major players such as Siyaram Silk Mills, Kitex Garments, and Raymond recorded stock gains of up to 10%, reflecting strong investor confidence. The move targets the influx of low-cost, duty-free textile goods from Bangladesh, aiming to provide Indian manufacturers a more level playing field in the local market.
Analysts suggest the restriction could stimulate domestic production and boost sales across the sector. However, some caution that consumers might face slight price increases on popular items like t-shirts and denim.
While the immediate outlook is favorable, the long-term impact will depend on how effectively Indian companies can scale operations to meet the increased demand. With the government pushing for self-reliance and the growing demand for fast fashion, the textile sector is well-positioned for future expansion.