A delegation of Indian businesses that operate in the garments industry
arrived in Ho Chi Minh City on June 19 to take part in a trade
exchange with their Vietnamese contacts and partners.
The exchange, co-organised by the Ho Chi Minh City office of the
Vietnam Chamber of Commerce and Industry (VCCI) and India ’s Cotton and
Textiles Export Promotion Council (TEXPROCIL), was an excellent
opportunity for Indian garment manufacturers and exporters to seek out
new partners in Vietnam .
TEXPROCIL President Amit Ruparelia, India is one of the major
suppliers of raw materials, including cotton and cotton fibre, to
Vietnam ’s garment industry. Vietnamese imports of Indian cotton
products have also doubled in the last three years.
At present, India is stepping up the production of high-quality clothes for the export market, he said.
Ruparelia said he hopes that through this exchange, Indian and
Vietnamese businesses will enter into successful partnerships, which
will help to facilitate the sustainable development of the garment
sector in both countries.
To bolster partnerships
between Vietnamese and Indian businesses, the two countries need to set
up a network of warehouses to help with imports, exports and
distribution, said Nguyen Van Tuan, Vice General Secretary of the
Vietnam Textiles and Apparel Association (VITAS).
Indian businesses can take advantage of the preferences in existing
trade agreements to invest in building modern production lines in
Vietnam , he noted.
Vietnam is now emerging
as a global centre for the import and export of garments and it has a
huge demand for cotton and fibre materials. The country imports these
materials mainly from the US , India , Brazil and China.-VNA