Vietnam and India enhance
co-operation in the silk sector
A delegation of business executives representing 30 Indian
companies led by the chairman of the Indian Silk Export
Promotion Council met their Vietnamese counterparts at the
Buyer-Seller meet held in HCM City.
The visitors were from companies producing silk, fabrics,
ready-made garments, silk scarves, stoles, Pareo shawls evening
wear, beachwear, fashion accessories, tops, bottoms, trousers,
jackets, kaftans, bags, embroidered shawls, silk blended
products, natural silk carpets, and others.
Dr. Bimal Mawandia, chairman of the Indian Silk Export
Promotion Council, said: “India is promoting exports of all
textiles. We are presenting the silk sector in India and as per
the guidance of the Government of India, we want to increase
exports and we are exploring different markets worldwide. We
come here to promote the export of not only silk but also other
fibers in this market.” The trip was the first to Vietnam for
all of the participating companies, he said.
Pham Xuân Hong, chairman of the HCM City Association of
Garment Textile Embroidery-Knitting, said trade relations
between Vietnam and India in the garment and textile sector had
increased significantly but was still modest compared to the
potential of the two countries.
The event is expected to enhance the connection between
businesses of the two sides in the sector, where there is still
a lot of potentials, he said. “Vietnamese garment and textile
companies want to have stronger co-operation with Indian
counterparts. They have a high demand for importing raw
materials from India.”
According to the Vietnam Textile and Apparel Association,
there are 7,000 enterprises in the industry, providing jobs for
three million workers in the country. Vietnam’s garment and
textile exports increased by 12% last year to reach over US$36
billion and exports are expected to top $40 billion this year. A
similar buyer and seller meeting was held in Hà Noi on May 23.