Home / Knowledge / News / Textiles / Indian textile exporters seek opportunities in Vietnam
Indian textile exporters seek opportunities in Vietnam
21
Jun '12
A delegation of Indian textile manufacturers and exporters is on a visit to Vietnam to explore new business opportunities in the Southeastern nation.
 
Representatives of 12 leading Indian cotton and textile exporting companies, part of a delegation from The Cotton Textiles Export Promotion Council of India (Texprocil), met with Vietnamese textile and garment manufacturers in HCM City.
 
Vietnamese importers are currently on the look out for alternative sources for raw materials and Indian exporters can very well meet their cotton textiles demand, said Amit Ruparelia, Texprocil Chairman.
 
Nguyen Van Tuan, Chief Representative of the Vietnam Textile and Apparel Association (VITAS) in HCM City, said around 98-99 percent of Vietnam’s overall cotton requirement is met from imports.
 
Vietnam imports around US$ 1 billion worth of cotton, mainly from the US, Brazil, India and South Africa, with India alone accounting for about 20 percent of its total cotton imports, he informed.
 
Vietnam’s garment industry also consumes a large quantity of fabric, and Indian companies can supply the same, he stated.
 
Out of the total 6.8 billion sq m of fabric demand in 2011, only 0.8 billion sq m was supplied by domestic firms and the country had to import the rest of the fabric, he added.
 
Last year, Vietnamese garment and textile industry registered US$ 13.8 billion in exports and it expects to cross the US$ 15 billion mark this year.
 
However, around 80 percent of the raw material and accessories used in apparel making, including cotton, yarn and fabric, is imported from other countries, according to Nguyen The Hung, Deputy Director of the Vietnam Chamber of Commerce and Industry, HCM City branch.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Steve Cole
Xerium Technologies

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search