Home / Knowledge / News / Textiles / Trade & economic ties set to increase with India

Trade & economic ties set to increase with India

27
Nov '08
The Indian President Ms Prathiba Patil is on a state visit to Vietnam. While addressing a business forum she said that India and Vietnam will continue to be superb trading partners. According to the President, opportunities between the two countries could be explored in areas of technology transfer, research and development and private-public investment in infrastructure development.

This is the second visit to the country by an Indian President since both the countries established their diplomatic ties in 1972. The main purpose of the visit is to increase the level of cooperation and expand the relationship across all sectors like economy, trade, investment, science and technology and culture.

At the Vietnam-India business forum held in HCM city she said close bi-lateral cooperation would go a long way in opening up new opportunities and strengthening the relationship between the business communities of the two countries and also expressed the hope that the ties would deepen further once the India-ASEAN free trade agreement was signed.

According to statistics, India has emerged as the biggest trading partner for Vietnamese exports to South Asia. Bi-lateral trade has increased from US $490 million in 2003 to touch $1 billion in 2006 and $1.5 billion in 2007. In the period January – September 2008, the two way trade has already crossed $2 billion with exports by Vietnam reaching $1.7 billion and imports from India achieving $308 million.

Vietnam exports handicraft, footwear, textiles and garments among a host of other products while imports cotton, pharmaceuticals, IT and medical equipment from India.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Pic: Shutterstock

Textiles | On 12th Jun 2021

G20 GDP returns to pre-pandemic level in Q1 2021: OECD

Gross domestic product (GDP) of the Group of 20 (G20) area returned...

Pic: Stock for you / Shutterstock.com

Apparel/Garments | On 12th Jun 2021

Prime Content| Japan's clothing imports fall 13.2% in 2020-21

Japan’s imports of clothing and accessories declined by 13.2 per cent ...

Pic: Shutterstock

Textiles | On 12th Jun 2021

Setting right targets for issues key to building biodiversity strategy

Setting the right targets for issues in play in locations, i.e.,...

Interviews View All

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Strike a balance between handmade in India and 'Make in India'

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Gus Bartholomew,

Gus Bartholomew

<b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

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


June 2021

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


Advanced Search