On June 19th, Vietnamese and Indian textile and garment enterprises held a trade exchange meeting in Ho Chi Minh City, Vietnam, aiming to strengthen the cooperation in the textile and apparel sector in the two countries.

Representatives of the Vietnam Textile and Clothing Association said at the meeting that Vietnam’s demand for raw materials such as fabrics and cotton fibers increased significantly in 2012, accounting for 80% of the demand for raw materials. At present, India is the world's largest producer of fabrics and cotton fibers, but the total trade volume between Vietnam and India is still relatively low, accounting for only 1% of Vietnam’s total foreign trade. This is due to the high price of Indian products.

At the exchange meeting, the Indian Consul General in Vietnam believes that the trade exchange is a platform for Vietnam and Indian companies to understand each other's markets and seek business opportunities for cooperation, which will help further increase the total trade volume between the two countries.

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