Raymond Set to Capitalize on Global Apparel Shift Amid Bangladesh Crisis

Raymond, a leading textiles and apparel company, is experiencing increased inquiries from global firms amid the crisis in Bangladesh. Chairman Gautam Hari Singhania emphasized the firm’s readiness to seize this opportunity, highlighting India's robust end-to-end supply capabilities, stable political environment, and superior quality over China.

Leading textiles and apparel company Raymond has seen a significant surge in inquiries from global firms following the crisis in neighboring Bangladesh, Chairman & Managing Director Gautam Hari Singhania stated.

Raymond, positioned as the third-largest suit maker globally, aims to capitalize on this opportunity, supported by its comprehensive garmenting facility. Singhania noted that India's end-to-end supply capabilities make it a favorable destination compared to Bangladesh, which lacks a strong fabric supply base.

Despite higher labor costs, the streamlined supply chain and superior quality in India offer significant advantages. With Raymond's recent capacity expansion, Singhania expressed optimism about attracting international brands. He further highlighted India's political stability and the growing middle class as key factors bolstering the country's appeal in the global apparel market.

(With inputs from agencies.)