“Russia has already given a green signal to our competing country Bangladesh for import of garments duty free and this would help them to increase their exports,” TEA president Raja M Shanmugham said in a press release.
Russia is a huge market and many leading retail stores are setting up shops there, Shangmugham said.
He pointed out that the Indian government had initiated negotiations for a trade deal with the Eurasian Economic Union (EAEU) comprising of Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, but there has been no progress in it.
In 2017-18, Russia has imported `241 crore worth of knitwear garments and `295 crore worth of woven garments from India. (RKS)