Home / Knowledge / News / Apparel/Garments / 'Vietnam is a labour efficient country' – House of Pearl
'Vietnam is a labour efficient country' – House of Pearl
Dec '08
House of Pearl Fashion Ltd. is an Indian-multinational apparel manufacturing company which started its operations in 1987 in India and gradually expanded to 11 countries across the globe through organic and inorganic routes.

The manufacturing facilities of the company are located in India, Bangladesh and Indonesia and have annual capacity of 19 million pieces per annum. It is one of the few companies in India having warehousing and processing facilities located in U.S.A. and U.K

The company is known to offer total supply chain solutions to customers. It has an integrated business model with three distinct business streams, “Manufacturing”, “Marketing and Distribution” and 'Branding and Sourcing”.

Recently the company, through Multinational Textiles Group Ltd, Mauritius, a wholly owned subsidiary, entered into a share purchase agreement for acquisition of 38 percent ordinary shares of Nam Long Garment Joint Stock Company, Vietnam.

Nam Long Garment Joint Stock Company is engaged in the business of manufacturing of readymade garments in Vietnam & has production capacity of 3 million pieces per annum and this acquisition will enable the House of Pearl to establish a manufacturing base in Vietnam.

News is pouring in daily of companies either cutting capacities or totally closing down so this acquisition on the part of the company is highly admirable in these troubled times. To understand the rationale behind the acquisition, fibre2fashion.com spoke to a senior official of the company.

When asked for the reason in selecting Vietnam for expansion he replied by saying, “Because it is a labour efficient country and production level is very high, so we see a lot of potential.” To another question of which other countries they see opportunity he said, “We see good opportunities in Bangladesh and Cambodia, but right now we are not looking at setting up new bases over there.”

To the question of how much investment they had made in Nam Long Garment Company, he replied by saying that the company has been valued at US $1.2 million but the final agreement is yet to be finalized.

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search