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 Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kevin Nelson

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

Steve Cole
Xerium Technologies

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

Marcel Alberts

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 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