INDIA EYES $300MN GARMENT-TEXTILE INDUSTRIAL PARK NEAR HO CHI MINH CITY

India is planning to establish a US$300 million industrial park specializing in garment and textile material production near the southern Vietnamese economic hub of Ho Chi Minh City, local media quoted a senior leader of the Synthetic and Rayon Textiles Export Promotion Council of India (SRTEPC) as saying earlier this month.

“It is the efforts of Indian companies to take the initiative of the Trans-Pacific Partnership [TPP] trade deal which will offer a boost to the local garment and textile industry,” Vinod K. Ladia, chairman of the SRTEPC, said at the Indian Textile Exhibition 2015 (Intexpo) at the Tan Binh Exhibition and Convention Center in Tan Binh District, Ho Chi Minh City.