Home / Knowledge / News / Textiles / Vietnam may import more Indian textile raw materials
Vietnam may import more Indian textile raw materials
16
Jan '15
The Vietnamese envoy to India, Ton Sinh Thanh thanked the Indian government for extending a US $300 million line of credit for strengthening of commercial ties between the two countries.

Addressing media on the sidelines of a meeting with members of the Exim Club Association in Vadodara, he hoped that it will enable Vietnam to import more of fabrics and yarns from India.

Vietnam is currently importing about half of its textile raw material requirements of yarn and fabrics from China.

“The Indian government’s offer to extend the line of credit may help India grab a larger share of textile raw material imports,” the ambassador said, who was in Gujarat to attend the Vibrant Gujarat Summit.

"Alongside cotton imports, Vietnam also seeks investment of India in the textile, chemical dyes and other related sectors," he said.

He explained that Vietnam allows 100 per cent investment in many sectors including joint ventures with Vietnamese companies.

The envoy also expects that bilateral trade between India and Vietnam is likely to touch $20 billion by 2020. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Giorgio Mantovani
Corman S.p.A

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

Suresh Patel
Sidwin Fabric

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Karan Arora
Karan Arora

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search