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World Bank Touts Potential of Apparel Industry for South Asia

South Asia can create millions of new jobs in the apparel industry by taking advantage of rising manufacturing costs in China, says a new World Bank study. This would not only boost economic growth, it would create much-needed opportunities for women. According to the study “Stitches to Riches,” East Asian countries like Vietnam and Cambodia are capturing the market share of global garment exports faster than countries like India, Bangladesh, Pakistan and Sri Lanka. But lower costs and...

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