Home / Knowledge / News / Textiles / Vietnam's largest textile park to come up in Nam Dinh
Vietnam's largest textile park to come up in Nam Dinh
28
Mar '14
A textile industrial park is likely to come up in Nghia Hung district of Vietnam’s Nam Dinh province, and on completion it would become the largest textile park in Vietnam, reports Vietnam Plus.
 
The industrial park would be set up on 1,500 hectare of area, jointly by Vietnam National Textile and Garment Group (Vinatex), China’s Jialida Company and the Hong Kong-based Luenthai Company, at a cost of US$ 400 million.
 
Representatives of the investors had a meeting with provincial officials, wherein they requested that the provincial government shortly handover the land to them for construction of the textile park, and also introduce preferential policies for the financers.
 
The vice chairman of the provincial People’s Committee said the cleared space would be handed over to the investors by the end of this year, and added that Nam Dinh government would also create a favourable environment for the investors.
 
The provincial officials suggested that the three investors establish a joint venture, secure ecological and environmental clearance of Nam Dinh’s sea territory for setting up the project, and also ready their finances.
 
In turn, the representatives of the investors said they would begin construction of the textile park as soon as the land is made available to them.
 
The new textile industrial zone, once functional, is likely to create 160,000 new jobs and generate $3-4 billion of revenue each year.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Kerem Durdag
Biovation II LLC

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

Marten Alkhagen
Swerea IVF AB

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sonam & Paras Modi
SVA

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

Karan Arora
Karan Arora

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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