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

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Amrit Sethia
SOIE

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

Eric Scholler
Groz-Beckert

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mike Hoffman
Gildan Activewear SRL

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X