Vietnamese companies are looking at supplying garment materials and accessories in India. This was visibly evident at the recently concluded 64th India International Garment Fair (IIGF) in New Delhi.
The 3-day event witnessed entrepreneurs of Vietnam sign minutes of understanding with several Indian partners in fields of fabrics and kid’s apparels.
Over the last few years, both the Governments have intensified their efforts and cooperation in garment industry, though it’s been at a modest level.
However, lately, it has been a delight to see lot of participation from Vietnam at the garment and textile events held in India.
Here it is important to note that the Indian apparel sector values nearly US $ 140 billion, of which US $ 100 billion is domestic consumption – promising many chances for Vietnam to penetrate into it in the time to come.