India is preparing to establish a US $ 300 million industrial park for apparel and textile material production near Ho Chi Minh City, revealed Vinod K Ladia, Chairman Synthetic and Rayon Textiles Export Promotion Council of India (SRTEPC), at the Indian Textile Exhibition 2015 (Intexpo) at the recently held Tan Binh Exhibition and Convention Center in Tan Binh District, Ho Chi Minh City. “High value-added products cannot be manufactured in Vietnam now. As a result, instead of importing from India with high taxes, now we will open our production bases in Vietnam to reduce costs,” Ladia told a Vietnamese newspaper.
