The company, which manufactures for clients like Nike, Adidas, Calvin Klein and Under Armour is making investment to benefit from the recently concluded 12-nation Trans-Pacific Partnership (TPP) agreement, of which Vietnam is a member.
Eclat will invest $40 million in its existing unit in Vietnam's Ba Ria-Vung Tau province and another $10.5 million in its factory in Dong Nai province. This investment is aimed at increasing garment production capacity to over 5 million pieces per month.
The actual content of the TPP is yet to be announced, but it is widely expected that apparel exports from Vietnam will get zero-duty access to the US and Japanese markets. (RKS)
Fibre2Fashion News Desk – India
| On 16th Apr 2021
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