12:04 | 15/04/2015 Trade
The Indian Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) last week announced a tie-up with lingerie maker Anh Khoa Production and Trading Company Ltd.
25 Indian companies join in the exhibition, seeking opportunities to co-operate with Vietnamese companies.
A memorandum of understanding was signed on the occasion of a visit by Smita Pant, the Indian consul in HCM City, to the Sai Gon Fabric and Garment Accessories Expo (Sai Gon Tex) which ended in the city on Sunday.
Under the deal, Anh Khoa will import materials from SRTEPC members.
Ngo Ngoc Hoa, CEO of Anh Khoa, said that initially his company would buy feedstock from India and the co-operation would later be expanded to other fields.
With Indian companies participating for the first time, Sai Gon Tex offered them an opportunity to look for partners in Viet Nam at a time when India plans to invest US$300 million in the Vietnamese garment and textile industry as committed by its Government during Prime Minister Nguyen Tan Dung's visit last year.