Facing a steep 50% tariff imposed by the Trump administration on Indian goods, leading Indian apparel manufacturer Pearl Global is relocating its production from India to four other countries, including Bangladesh. The company, which supplies to major U.S. retailers like Gap and Kohl's, has received urgent concerns from buyers about the tariff impact. CEO Pallab Banerjee stated that to avoid the high tariffs, production will now be shifted to 17 factories across Bangladesh, Indonesia, Vietnam, and Guatemala. "Some buyers are still interested in Indian products," Banerjee said, "but they want us to share the burden of the increased tariffs — which we cannot afford."