VN apparel makers eye long term ties with India
Vietnamese apparel businesses sought for long-term mutually beneficial
partnerships with Indian materials suppliers at a workshop in Ho Chi
Minh City on June 29.
Vietnamese apparel businesses sought for long-term mutually beneficial
partnerships with Indian materials suppliers at a workshop in Ho Chi
Minh City on June 29.
The workshop was jointly held by the Vietnam Chamber of Commerce and Industry’s HCM City branch and the Indian cotton product export promotion association – TEXPROCIL.
According to Amit Ruparelia, TEXPROCIL President, India has long been a supplier of raw materials for Vietnam ’s garment and textile industry.
Vietnam apparel producers doubled imports of raw materials from India in 2010, at the value of 55 million USD.
They learnt new types of raw materials from Indian suppliers during this workshop as they have to date imported up to 80 percent of raw materials for production.
Bilateral trade between Vietnam and India rose in recent years, reaching over 2.7 billion USD in 2010. Of the figure, Vietnam ’s exports to India increased 136.34 percent to 991.63 million USD.
Vietnam is one of the world’s top ten apparel exporters. In the first six months of this year, it raked in 6.16 billion USD from apparel export, up 30 percent over the same period last year.
The country expects to earn 13.2-13.5 million USD from apparels this year./.
The workshop was jointly held by the Vietnam Chamber of Commerce and Industry’s HCM City branch and the Indian cotton product export promotion association – TEXPROCIL.
According to Amit Ruparelia, TEXPROCIL President, India has long been a supplier of raw materials for Vietnam ’s garment and textile industry.
Vietnam apparel producers doubled imports of raw materials from India in 2010, at the value of 55 million USD.
They learnt new types of raw materials from Indian suppliers during this workshop as they have to date imported up to 80 percent of raw materials for production.
Bilateral trade between Vietnam and India rose in recent years, reaching over 2.7 billion USD in 2010. Of the figure, Vietnam ’s exports to India increased 136.34 percent to 991.63 million USD.
Vietnam is one of the world’s top ten apparel exporters. In the first six months of this year, it raked in 6.16 billion USD from apparel export, up 30 percent over the same period last year.
The country expects to earn 13.2-13.5 million USD from apparels this year./.
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