Indian garment firms seek opportunities in HCM City
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 Ho Chi Minh City on May 21.
Dr. Bimal Mawandia (L), chairman of the Indian Silk Export Promotion Council, introduces Indian silk products to representatives of Vietnamese businesses at the Buyer-Seller Meet. (Photo: VNA)
HCM City (VNA) - A delegation of business executives representing 30Indian companies led by the chairman of the Indian Silk Export PromotionCouncil met their Vietnamese counterparts at the Buyer-Seller meet held in HoChi Minh City on May 21.
The visitors were from companies producing silk, fabrics, ready-made garments,silk scarves, stoles, Pareo shawls evening wear, beachwear, fashionaccessories, tops, bottoms, trousers, jackets, kaftans, bags, embroideredshawls, silk blended products, natural silk carpets and others.
Bimal Mawandia, Chairman of the Indian Silk Export Promotion Council, said “Indiais promoting exports of all textiles. We are presenting the silk sector inIndia and as per the guidance of the Government of India, we want to increaseexports and we are exploring different markets worldwide.”
The trip was the first to Vietnam for all of the participating companies, hesaid.
Pham Xuan Hong, Chairman of the HCM City Association of Garment TextileEmbroidery-Knitting, said trade relations between Vietnam and India in thegarment and textile sector had increased significantly but was still modestcompared to the potential of the two countries.
The event is expected to enhance connection between businesses of the two sidesin the sector, where there is still a lot of potential, he said.
Vietnamese garment and textile companies want to have stronger cooperation withIndian counterparts. They have high demand for importing raw materials fromIndia, Hong said.
According to the Vietnam Textile and Apparel Association, there are 7,000enterprises in the industry, providing jobs for three million workers in thecountry.
Vietnam’s garment and textile exportsincreased by 12 percent last year to over 36 billion USD and exports isexpected to top 40 billion USD this year.
A similar buyer and seller meet will be held in Hanoi on May 23. - VNA
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Dr. Bimal Mawandia (L), chairman of the Indian Silk Export Promotion Council, introduces Indian silk products to representatives of Vietnamese businesses at the Buyer-Seller Meet. (Photo: VNA) 
