Vietnam calls for investment from Indian garment and textile businesses
VOV.VN -A conference to promote investment by north India’s garment and textile businesses was held recently in Punjab.
The event was part of trade promotion activities organized by the Vietnamese embassy in India and India’s Eximbank with a view of promoting Indian investments in garments and textiles in Vietnam.
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In his address, Vietnamese Ambassador Ton Sinh Thanh highlighted Vietnam’s opportunities created by the TPP, saying that through Vietnam, Indian garment and textile companies can export their products to major world markets such as the US and Japan with tariffs at zero%.
The Indian government has offered US$300 million as preferential credit for Indian garment and textile investment projects in Vietnam in 10 years.