Bangladesh Chaos Hits 83% Of Export Earnings; Indian Textile Industry Struggles

Global apparel giants like H&M and Zara are facing major disruptions due to ongoing protests and political chaos in Bangladesh, which significantly impacts their supply chains. The garment industry, vital to Bangladesh's economy, contributes 83% of its export earnings, with H&M sourcing from over 1,000 factories and Zara relying on key manufacturing clusters in the country. Recent factory closures have resulted in substantial production losses. The turmoil is also affecting India's textile industry, causing delays and disruptions in trade and exports. Historically intertwined, the two nations continue to impact each other politically and economically. Bangladesh's former Prime Minister Sheikh Hasina, after resigning, has sought refuge in India.