Home / Knowledge / News / Textiles / India proposes enhanced textile cooperation with Vietnam
India proposes enhanced textile cooperation with Vietnam
Jun '14
Ms. Saran (L) with Mr. Dinh Hue (R)
Ms. Saran (L) with Mr. Dinh Hue (R)
Indian Ambassador in Vietnam Preeti Saran has proposed enhanced cooperation in the textile sector with Vietnam, according to a statement from Vietnam’s Central Economic Committee.
During a meeting with Vuong Dinh Hue, Head of the Central Economic Committee, Ms. Saran said economic ties between India and Vietnam are not commensurate with the potential of the two countries.
To promote economic relations, trade and investment between the two countries, the Indian Ambassador proposed that the two countries should promote and strengthen cooperation in several fields, including textiles.
Particularly emphasizing on enhancing cooperation in the field of textiles, Ms. Saran said Vietnam is a leading textiles (garment) exporter to world markets, but it depends on other countries for inputs (raw material), while India is the second largest exporter in the world for raw cotton, yarn, fabric and other raw materials for textiles.
Thus, the textile sectors of both countries are complementary and there is great scope for enhancing import and export, she added.
India can import final product, i.e. garments, from Vietnam, and can also supply textiles to it, according to Ms. Saran.
Mr. Dinh Hue said Vietnam is in the process of restructuring its economy, and the country is currently in the midst of diversifying its sources of supply. He said India is a big market and therefore there is a need to boost cooperation in investment, trade and economy between the two countries.
The Central Economic Committee will advise the Politburo and the Secretariat, in coordination with the authorities, to implement measures aimed at promoting and strengthen economic cooperation between India and Vietnam, commensurate with the potential and strengths of each side, the statement said.

Fibre2fashion News Desk - India

Must ReadView All

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...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Amrit Sethia

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

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

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

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:
April 2017

April 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