The Indian Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) has announced a tie-up with lingerie maker Anh Khoa Production and Trading Co. Ltd.

A memorandum of understanding was signed on the occasion of a visit by Smita Pant, the Indian consul in Ho Chi Minh City, to the Sai Gon Fabric and Garment Accessories Expo (Sai Gon Tex) which ended in the city on April 12.
Under the deal, Anh Khoa will import materials from SRTEPC members.

Ngo Ngoc Hoa, CEO of Anh Khoa, said that initially his company will buy feedstock from India and the co-operation would later be expanded to other fields.

With Indian companies participating for the first time, Sai Gon Tex offered them an opportunity to look for partners in Vietnam at a time when India plans to invest 300 million USD in the Vietnamese garment and textile industry as committed by its Government during Prime Minister Nguyen Tan Dung's visit last year.-VNA