Local textile and clothing businesses are revealing a growingappetite for Indian material sources, the Vietnam Investment Reviewreported.
Executives at a number of major players in the textilesector, such as Vinh Phu Textile (Vifutex), Dong Xuan Knitwear, and PhuBai Fibre have just completed market surveys in India hoping to findpotential material suppliers.
According to Dong Xuan KnitwearDeputy General Director Pham Ngoc Diep, India is home to sizable privatebusinesses producing textile and garment materials and accessories thatserve the diverse demands of customers, and teaming up with Indianpartners in building material production plants in both countries wouldbe a smart move.
“Going in this direction is feasible, as Vietnamis a world leader in textile and garment exports and India has atextile and garment production value of 100 billion USD every year.Boosting cooperation in material production could be a strong move, andif so, the sooner the better,” Diep told the VIR.
As a majortextile and garment producer, India has huge advantages in fibres andtextiles, annually supplying world markets with more than 25 percent ofcotton and material demand.
Vietnam however only sources 3 percent of its sector’s materials from India.
Ina bid to increase this figure, the Indian general consulate in Ho ChiMinh City recently hosted an event to kick-off the “Made in India”campaign, that is aimed at turning the country into a major textile andgarment materials and accessories production and supply venue worldwide.
Throughfield market surveys in India, Bui Phuong Ngoc, Director of Vifutexrealised that India had significant strengths in the textile dyeing andcloth finishing phase.
“Our company is currently in negotiationswith some Indian partners to make joint investments and transferadvanced dyeing technologies to Vietnam,” Ngoc was quoted by the VIR assaying.
Leading Indian textile groups such as SRF, SupremeNonwovens, Century Enka, Techfab India and Pacific Non Woven aresearching for Vietnamese partnerships.
Phu Bai Fibre, which hasseven affiliates and a supply capacity of 32,400 tonnes of fibre a year,is scaling up efforts to find Indian partners to push up production andenhance competitiveness.
According to the company’s GeneralDirector Bui Nguyen Tien, Phu Bai is good at making fibres and theIndian side has advanced dyeing technology, so forming joint ventures atVietnamese specialised industrial zones would be beneficial to bothsides.
“We expect to reach cooperative deals with Indian partnersin this field, as it is a current bottleneck in Vietnam’s textile andclothing industry,” Tien told the VIR.-VNA
Executives at a number of major players in the textilesector, such as Vinh Phu Textile (Vifutex), Dong Xuan Knitwear, and PhuBai Fibre have just completed market surveys in India hoping to findpotential material suppliers.
According to Dong Xuan KnitwearDeputy General Director Pham Ngoc Diep, India is home to sizable privatebusinesses producing textile and garment materials and accessories thatserve the diverse demands of customers, and teaming up with Indianpartners in building material production plants in both countries wouldbe a smart move.
“Going in this direction is feasible, as Vietnamis a world leader in textile and garment exports and India has atextile and garment production value of 100 billion USD every year.Boosting cooperation in material production could be a strong move, andif so, the sooner the better,” Diep told the VIR.
As a majortextile and garment producer, India has huge advantages in fibres andtextiles, annually supplying world markets with more than 25 percent ofcotton and material demand.
Vietnam however only sources 3 percent of its sector’s materials from India.
Ina bid to increase this figure, the Indian general consulate in Ho ChiMinh City recently hosted an event to kick-off the “Made in India”campaign, that is aimed at turning the country into a major textile andgarment materials and accessories production and supply venue worldwide.
Throughfield market surveys in India, Bui Phuong Ngoc, Director of Vifutexrealised that India had significant strengths in the textile dyeing andcloth finishing phase.
“Our company is currently in negotiationswith some Indian partners to make joint investments and transferadvanced dyeing technologies to Vietnam,” Ngoc was quoted by the VIR assaying.
Leading Indian textile groups such as SRF, SupremeNonwovens, Century Enka, Techfab India and Pacific Non Woven aresearching for Vietnamese partnerships.
Phu Bai Fibre, which hasseven affiliates and a supply capacity of 32,400 tonnes of fibre a year,is scaling up efforts to find Indian partners to push up production andenhance competitiveness.
According to the company’s GeneralDirector Bui Nguyen Tien, Phu Bai is good at making fibres and theIndian side has advanced dyeing technology, so forming joint ventures atVietnamese specialised industrial zones would be beneficial to bothsides.
“We expect to reach cooperative deals with Indian partnersin this field, as it is a current bottleneck in Vietnam’s textile andclothing industry,” Tien told the VIR.-VNA
