Looking forward to tap new trade and investment opportunities, representatives of the Indian apparel and textile trading firms, who are members of the Apparel Export Promotion Council of India (AEPC), have met top officials of the Vietnamese firms in HCM City.
AEPC Chairman Premal Udani said the delegation intended to gain knowledge regarding cost advantages in apparel production, productivity of the sector, production facilities, labour policy and the kind of incentives that the Vietnamese Government extends to garment industries.
He added that such an exercise may lead to dialogue on collaborations, including joint venture deals.
He said that AEPC is ready to host an exchange programme whereby Vietnamese students can attend the courses offered by the Institute of Apparel Management.
The Council is also ready to help the Vietnam Textile and Apparel Association (VITAS) with training of its employees through its training programmes in quality control techniques, production technology, merchandising management, computerised pattern making and such other varied fields, Mr. Udani added.
Director of VITAS's External Affairs Department Mr. Pham Gia Hung said Vietnam has 3,710 textile and apparel firms, 70 percent of which are into production of apparels. He added that the weaving, spinning and dyeing firms of the country are not strong enough.
He informed that with an aim to encourage the localization rate, the current five-year development plan which would run till 2015, aims at raising investment to boost production of raw materials.
Fibre2fashion News Desk - India
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