Home / Knowledge / News / Textiles / Indian textile sector seeks alliance with Vietnam
Indian textile sector seeks alliance with Vietnam
09
Apr '15
The Indian and Vietnamese textile and apparel industries are more complementary than competing in nature, and so cooperation would benefit both countries, the Synthetic and Rayon Textiles Export Promotion Council of India (SRTEPC) has said.
 
“India is capable of supplying textiles in both small and big lots, with the quality of products as desired by the buyers, and our prices are competitive. India is not a competitor to Vietnam but a collaborator, and optimising the synergies will create a win-win situation for both countries,” the Vietnamese media quoted Srijib Roy, SRTEPC’s director as saying.
 
Vietnam is heavily dependent on other countries, mostly China, for its textile inputs. Both India and Vietnam could benefit by co-operation – the former would get a new market and the latter could diversify its source of materials.
 
The country had imported more than $440 million worth of textile products from India during the financial year ending March 2014, with the main items being polyester viscose and synthetic fabric, polyester wool fabric, and polyester filament yarn.
 
India’s exports of man-made fibre to Vietnam went up from $36 million in 2009 to $89.09 million last year, an increase of 146 per cent.
 
Vietnam also imports cotton from India. In 2014, cotton imports from India were valued at $266.170 million, accounting for 18.5 per cent of $1.443 billion worth of cotton imported by the Southeast Asian nation.
 
Vinod K Ladia, the SRTEPC’s former chairman, said India could also provide a huge market for Vietnamese garments with its population of more than 1.2 billion.
  
India was considering building its first textile industrial park near HCM City to manufacture feedstock for Vietnamese garment producers as well as textile products that Vietnam did not produce, he said.
 
As part of its efforts to promote cooperation with Vietnamese firms, the SRTEPC planned to organise the Indian Textile Exhibition at the Tan Binh Exhibition and Convention Centre from April 9 to 12, Roy said.
 

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

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Steve Cole
Xerium Technologies

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts
Eurofibers

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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