09:04 | 19/10/2018 Trade
More than 20 Vietnamese enterprises are showcasing their products at the sixth India International Silk Fair, which opened in New Delhi on October 16.
|Vietnamese Ambassador to India Pham Sanh Chau (2nd from R) visits the fair - Source: VNA|
The three-day event allows Vietnamese firms in the garment and textile and interior decoration sectors to seek partners, expand markets and learn about new technology and techniques.
It gathers 120 leading Indian silk producers and 250 foreign businesses from across the world.
Along with showcasing silk and silk blended garments, fabrics, accessories and carpets, the fair is also expected to feature business meetings, a fashion show and workshops.
The organizing board expects to welcome about 10,000 visitors during the event.
India is the second largest producer of silk after China and is emerging as a leading exporter.
Statistics of the Vietnam Customs show that in the first eight months of 2018, two-way trade between Vietnam and India in the garment and textile, cotton, and fabric fields reached US$799 million, up 35 percent year-on-year. Of the total, Vietnam’s imports of Indian cotton were valued at US$343.8 million, up 46 percent year-on-year, and the country’s exports of garment and textile products and fabric hit US$203 millin, up 20 percent against the same period last year.