Textile Stocks Plunge 5% Amid US-Bangladesh Trade Pact: Indian Exporters Face Pressure

• Indian textile stocks like Gokaldas Exports, KPR Mill, and Vardhman Textiles fell up to 5% after the US-Bangladesh trade agreement.
• The new pact allows certain Bangladeshi textile and apparel goods to qualify for zero reciprocal tariff rates in the US.
• A specified volume of Bangladeshi apparel and textile imports will enter the US at reduced tariffs, linked to US textile exports to Bangladesh.
• This development raises concerns about India's competitiveness in the US market, especially in labor-intensive apparel manufacturing.
• Bangladesh will offer preferential market access to US industrial and agricultural products in return.