On the occasion of the Indian business delegation to attend SAIGONTEX 2018, April 11, 1818 at Rex Hotel, Consulate General of India in Ho Chi Minh City. HCM held a B2B meeting between Vietnamese garment enterprises and Indian business delegation. The purpose of the meeting is to strengthen trade links between the two countries' businesses, especially in the textile and garment industry.

Attending the meeting on the side of India is Dr. K. Srikar Reddy - Consul General of India, Mr. Jeevan Kandpal - Consul & Chief Executive Office of the Consulate General of India, Representatives of 19 Indian companies participating SAIGONTEX 2018. On the Vietnamese side, Mr. Tran Ngoc Liem - Deputy Director of Vietnam Chamber of Commerce and Industry (VCCI) - HCMC Branch. Mr Truong Van Cam - Vice Chairman / Secretary of the Vietnam Textile and Apparel Association (VITAS), Ms Nguyen Thi Tuyet Mai - Deputy General Director of VITAS, Mr Pham Xuan Hong - Chairman of the Textile Garment Association of Danang City. HCM (AGTEK), representatives of Ho Chi Minh City Business Association, VCOSA, HAWEE and many representatives of Vietnamese enterprises.

 

The K. Srikar Reddy - Indian Consul General delivered the opening remarks

Opening speech, Dr. K. Srikar Reddy - Consulate General of India said that Vietnam is a pillar in the east of India policy. The bilateral relations between the two countries are based on deep mutual understanding and trust, converging views on international and regional issues. The Vietnamese textile and garment industry aims to export US $ 36 billion this year and US $ 50 billion by 2020. There will be great potential for textile and garment exports between the two countries. India is one of the suppliers of high quality raw materials, fabrics and machinery at competitive prices in the world. The textile sector has been identified as a priority area in the cooperation between the two countries. Indian businesses want to work with Vietnamese businesses to develop additional strengths and business networks for the benefit of the textile and apparel industry.

 

Mr. Truong Van Cam - Vice President / General Director of VITAS

Truong Van Cam - Vice President / General Secretary of VITAS said that cooperation with India is one of the orientation of the textile and garment industry in Vietnam. The two sides still have plenty of room for cooperation. Vietnam's textile and garment enterprises are still weak in technology, weaving, dyeing, finishing, auxiliary materials production and design. Indian firms can learn about the weaknesses of Vietnam's textile and garment industry in order to invest in synergies to promote each other's strengths and to compensate for the shortages in the supply chain. Best.

 

Said Pham Xuan Hong, President of AGTEK

Mr. Pham Xuan Hong, President of AGTEK shared, the exchanges and cooperation between Vietnamese and Indian companies are growing, especially in the textile and garment industry. The side has seen each other's strengths and weaknesses. Vietnamese enterprises are struggling, but the growth of raw materials is low. When the FTAs arrive, Vietnamese enterprises do not blame the difficulties. Cooperation with Indian businesses will help to support the growth of Vietnamese garment enterprises. Hong suggested the Indian side to invest more in spinning, weaving and dyeing in Vietnam and hoped that cooperation between the two countries would be faster and stronger.

 

Participants attended the meeting

Representatives of Indian and Vietnamese businesses in the meeting discussed and exchanged information and capacity of their companies and partner companies. Participants welcomed and appreciated the organization of the B2B meeting of the Consulate General of India and considered this as a good opportunity to share and discuss the strengths and weaknesses of the garment enterprises. They will exchange solutions to complement each other, promote connectivity and trade in order to contribute to the development of Vietnamese and Indian garment industry.

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Source vietnamtextile.org.vn