Category: General
Country: Bangladesh
Region: Asia
By Chiranjivi Chakraborty
August 6, 2024 at 1:42 PM GMT+5:30
Bangladesh’s textile exporters face the risk of losing business amid political instability that saw violent protests forcing Prime Minister Sheikh Hasina to flee the country on Monday
Indian textile makers’ shares surged on bets they stand to gain from a political turmoil in Bangladesh that threatens to disrupt supply chains.
Bangladesh’s textile exporters face the risk of losing business amid political instability that saw violent protests forcing Prime Minister Sheikh Hasina to flee the country on Monday.
The stocks of Indian manufacturers including KPR Mill, Arvind Ltd., Gokaldas Exports Ltd., Vardhman Textiles Ltd., and Welspun Living Ltd. all jumped more than 10% in Mumbai, on expectations of a higher market share.
Courtesy: Bloomberg.com
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