Home / Knowledge / News / Textiles / Nation eyes new avenues for amplifying export earnings
Nation eyes new avenues for amplifying export earnings
16
May '08
According to the Ministry of Industry and Trade (MOIT), the nation plans to increase its export in South Asian and Middle East regions. The aim is to take export earnings to nearly US $2.3 billion, increasing it to almost 33 percent in comparison to 2007.

This year MOIT aspires to increase its export to UAE from $230 million last year to nearly $141 million and to Turkey from $201 million in 2007 to $236 million.

In 2007, export to South Africa reached $184.9 million and to various Asian regions nearly $1.72 billion. Goods shipped to Egypt fetched almost $141 million and revenue earned from India touched $236 million.

Vietnam is now thinking over importing products like petroleum and chemicals from Kuwait and Saudi Arabia, textile and garments from India and cotton from Africa for fulfilling domestic demand.

The authorities are ready to provide complete support to all the local enterprises to make investments in foreign countries. Trade officials have also urged small and medium scale units to improve their product quality, business plans and create trademarks to compete in international market.

To ease the trade process, the Government is planning to modify the legal framework that includes promotion and protection of investments as well as bilateral trade agreement for better business dealings.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Asim Dalal
Indo Count Retail Ventures

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

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Eric Scholler
Groz-Beckert

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Rupa Sood and Sharan Apparao
Nayaab

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

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search