Home / Knowledge / News / Textiles / India eyes greater cotton textiles exports to Vietnam
India eyes greater cotton textiles exports to Vietnam
19
Feb '14
Mr. Ramaswami
Mr. Ramaswami
In order to secure a greater share of Vietnamese market, a delegation comprising representatives of Indian cotton textile companies is currently on a visit to Vietnam.
 
Interacting with representatives of Vietnamese businesses in HCM City, Manikam Ramaswami, chairman of Cotton Textiles Export Promotion Council of India (Texprocil), said India’s share in Vietnam’s cotton imports was only 1.6 percent, whereas the share in Vietnam’s cotton yarn and cotton fabric imports was 16.5 percent and 0.58 percent, respectively.
 
Mr. Ramaswami said India’s share in Vietnam’s cotton textiles and cotton yarn imports has gone up from 1.3 percent and 13 percent registered in the previous year. However, India’s current share in Vietnam’s cotton textiles imports was still much below India’s average international share of 26 percent, he added.
 
India is a leading producer of quality yarns and fabrics, and it has increased the export of these items to China and Pakistan in recent years. Indian textiles can also be a good partner for Vietnamese textile industry and help it reduce its cost of production, Mr. Ramaswami said.
 
In 2013, Vietnam’s textile and yarn imports from India grew by a sharp 46 percent year-on-year to US$ 419 million, while its garment and textile exports to India shot up by 38 percent year-on-year to $77 million.
 
The meeting was co-organised by the HCM City branch of the Vietnam Chamber of Commerce and Industry (VCCI), India’s Texprocil and Pdexcil (Powerloom Development and Export Promotion Council), with support from the Indian Consulate General in HCM City.
 
The Indian business delegation would be visiting Cambodia before returning back.
 

Fibre2fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


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