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Related Keywords: 20 new project, FDI, FDI firm, Foreign invested enterprises, growing, into Vietnamese textile industry, Ministry of Planning and Investment, pouring capital, textile-garment export revenue, Vietnamese enterprises, Vitas, warned expanding gap

The number of foreign-invested enterprises (FDI) pouring capital into the textile industry is growing quickly. This year, in the past 10 months local governments have given approval for almost 20 new projects of FDI firms, according to the Ministry of Planning and Investment.

However, the Vietnam Textile and Apparel Association (Vitas) has warned of the expanding gap between FDI and domestic firms in the textile-garment sector.

Related Keywords: diversify export markets, FDI, Indian brand, Indian brands, investment policy, Ministry of Textiles, multi brand retail, restricting to Indian apparel brands, Turkish model, venture overseas

At present, foreign direct investment policy does not allow any FDI in Indian brands or retail but only in foreign brand/retail, which is owned and operated by an international company.

The ministry of textiles under the newly formed BJP government has a contrarian view on the allowing foreign direct investment (FDI) in multi brand retail. In its strategy report for the sector has recommended FDI in single and multi brand retail under automatic route, even though restricting its views only to Indian apparel brands.

Related Keywords: Chairman Tadashi Yanai, FDI, India investment plan, International bilateral trip, Japan, multi-billion dollar, Prime Minister Narendra Modi, retailer's investment plan, single-brand retail stores, Textile Ministry, Uniqlo

Prime Minister Narendra Modi during his international bilateral trip to Japan starting Saturday is expected to meet Uniqlo Chairman Tadashi Yanai to carry forward their discussion on the retailer's multi-billion dollar India investment plan. The prime minister's office has been in touch with the textiles ministry for details about the company's India plans.

Related Keywords: ECCSA, Embassy of India, Ethiopian textile industry, FDI, India and Ethiopia, Indian investors, Indian textile companies, Indian textile exhibition, MMF textile, The Synthetic and Rayon Textiles Promotion Council

A two days exhibition of Indian textiles was held to strengthen the trade between India and Ethiopia at the Sheraton Addis Hotel where 20 Indian textile companies participated in the exhibition by displaying their products for buyers.

The event was organized by Ethiopian Chamber of Commerce and Sectorial Association (ECCSA) along with Embassy of India and the Synthetic and Rayon Textiles Promotion Council and it was opened on Wednesday, August 13, 2014.

Related Keywords: FDI, foreign importers, global investor, international market, Pakistan textile industry, textile export

According to the State Bank report, there is 80 percent decline in the FDI, in July FDI dropped to just $24 million from $119m in the same month last year.

With Pakistan facing sharp decline in FDI, it is likely to break the confidence of foreigners willing to invest, particularly while the neighbouring India looks more attractive with $28 billion FDI in 2013.

The government has already completed 14 months in power, in fact struggling hard to invite foreign investors. But the result seems extremely poor so far.

Related Keywords: cabinet approval, export, FDI, law labour, market diversification, National textile policy, textile business, traditional products

The National Textile Policy is drafted with an aim to grab one-fifth of global textile business and increase export to $300 billion in the next decade will be placed before the Cabinet for approval after weaving in relevant comments from other Ministries and interest groups.
 

Related Keywords: cheap natural resources, FDI, foreign investors, garment factories, HCMC Export Processing and Industrial Zones Authority, imported material, labour-intensive manufacturing

Investors continue to pour money into labor-intensive manufacturing (particularly garment and footwear and automobile factories) which mostly rely on imported materials and equipment. According to the HCMC Export Processing and Industrial Zones Authority (HEPZA), foreign investors announced plans to inject US$264.7 million into the zones in the first half of this year. Of the registered capital, nearly 80 percent will go into the textile and garment sector.
 

Related Keywords: bilateral trade, Commerce and Industry Minister, direct trade, FDI, man-made filaments, MFN status, Pakistan and India trade, SEZ, transaction cost

Pakistan has not yet granted the most favoured nation (MFN) status to India while India granted the status way back in 1996. With Pakistan granting the MFN status to India, it will open new clear direct trade between the two countries and also help in reducing transactions cost.
 
According to Commerce and Industry Minister Nirmala Sitharaman, with the grant of MFN status the trade would then take place bilaterally at significantly lower cost. It will also restore Pakistan's international commitment under WTO of reciprocity to MFN status.