When asked if Gautam Singhania, Chairman & Managing Director of Raymond, might relocate some of his garment operations from Bangladesh to India, he responded, "We are hopeful. We're seeing increasing inquiries, and while it will take some time, the signs are positive." Singhania added that India is more suitable for Raymond due to its comprehensive supply capabilities, which connect all stages of production. Since Raymond operates in both fabric and garments, this integration helps streamline final deliveries for international brands.

"Although labor costs in India may be higher than in Bangladesh, consider the overall situation. With our fabric and end-to-end supply chain, we save time for which clients are willing to pay," Singhania noted.

He pointed out that while Bangladesh lacks a fabric supply, India has a strong fabric base, presenting an advantage over Bangladesh, which only has garmenting capabilities.

Singhania also mentioned that Raymond's recent capacity expansion is timely. "We are fortunate to have these new capacities and are always on the lookout for opportunities," he said. He praised India for its political stability, large middle class, and strong consumption and manufacturing capabilities.

The company has recently divested Raymond Lifestyle, which will list this week following its demerger from the parent Raymond company. This new entity will encompass all of Raymond's apparel businesses, marking a significant shift for the nearly century-old group.

In addition to Bangladesh, India is increasingly favored as a sourcing destination as global strategies shift to include alternatives to China.