Indian firms eye investment in garment-textile machinery
VOV.VN - India wants to expand its investment in garment-textile machinery and technology overseas , including Vietnam.
Director of the Vietnam Chamber of Commerce and Industry – Ho Chi Minh City branch Vo Tan Thanh said numerous Indian investors have been surveying business opportunities in Vietnam, noting that India is an important partner of Vietnam in the garment-textile sector while Vietnam is also a potential market for Indian firms.
Vietnam's textile-garment sector, which is heavily dependent on imported materials and machinery, needs to switch to more sustainable development models. This provide good opportunities for Indian firms to partner with Vietnamese counterparts for mutually-beneficial cooperation, Thanh added.
The India ITME is the world’s second biggest garment-textile machinery exhibition. The event is set to take place in Mumbai, India, from December 3-8 under the auspices of the Indian Ministries of Textiles and Heavy Industry.