Adani power plant is reportedly being taken over by Chinese company in Bangladesh. Tata is pulling out of Bangladesh. Besides these two, vast Indian investments in Bangladesh are taken over by their government. This must serve as a big lesson to Govt of India who wants to invest in troubled nations like Afghanistan and Bangladesh. You just cannot reform anyone howmuchever good your intentions may be. Leave them to their destiny.
Tirupur, Tamil Nadu is known as the hosiery capital of the world. With the cotton output in the country, they have been manufacturers for Victoria secret etc., and leading garment manufacturers for global brands like Zara, etc. Tirupur registered dismal growth in last 2 years as all businesses went to Bangladesh. Now there is good news from Tirupur as the importers have returned to this small cotton textile town of Tamil Nadu.
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India’s textile hub of Tirupur is facing a revival of fortunes after nearly two years with a flurry of orders from the US and UK, helped also by political instability in neighbouring Bangladesh. With this, the city’s 5,000 apparel export units are buzzing with activity with their factories operating at 95% capacity.
This is going to affect Bangladesh seriously. Their textiles industry supports a booming lower middle class. The shift back to Tirupur will prove to be a blow below the belt for them.
vijiravindran's 