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

Textiles | On 27th Apr 2017

UL joins ZDHC programme

UL Consumer & Retail Services (CRS), a global safety science company, ...

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Giorgio Mantovani
Corman S.p.A

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

Kerem Durdag
Biovation II LLC

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Igor Chapurin
Chapurin

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X