Garment makers gain, FMCG unaffected, infra projected face

Despite the imposition of import curbs on certain goods from Bangladesh, domestic FMCG companies said it is ‘business as usual’, even for those that have investments in the neighbouring country. Readymade garment makers, particularly the micro, small, and medium enterprises (MSMEs), could actually benefit from the new import curbs. A major restriction imposed from May 17 has been disallowing the entry of readymade garments through all land and sea ports, except Nhava Sheva in Mumbai and Kolkata ports. Santosh Katariya, President, Clothing Manufacturers Association of India (CMAI), said port restriction of garment imports is a welcome move, as it “addresses the industry’s long-standing concern regarding the unchecked inflow of low-cost apparel here.” “The timely prevention of dumping of foreign-made garments will strengthen India’s self-reliance in apparel production,” he said. The DGFT had also stopped imports of processed food items through any land port in Assam, Meghalaya, Tripura, Mizoram and two in West Bengal. A senior executive with a FMCG company told. “Most FMCG companies, who have base in the country, produce for the local market. Hence, the import restrictions are unlikely to have an impact on their operations. ”Incidentally, companies have been witnessing some recovery in their Bangladesh .Marico during its earnings call said, Bangladesh posted double-digit growth in Q4 and FY25.