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Related Keywords: biggest challenged faced by Vietnam, entire economy, Foreign direct investment, heavy reliance on imported material, Hong Kong investor, increased sharply, investors from Turkey, poured into Vietnam textile and garment sector, pressure on Vietnamese businesses, project registered by a British investor, three largest projects capitalized, TTP

The Foreign direct investment poured into the textile and garment sector has increased sharply in Vietnam anticipation of Trans Pacific Partnership (TPP) in the first six months of this year. At least $1.12 billion out of the $5.58 billion worth of capital registered went into the sector. One of the three largest projects was capitalized at $660 million, the highest ever in the field. Analysts warn that this will put pressure on Vietnamese businesses and the entire economy.

Related Keywords: ASEAN ranked third, fibers and yarns, Foreign direct investment, Japan, textiles and garments, US surpassed EU, Vietnam export, Vietnam’s biggest export market

Vietnam raked in $28.5 billion from exports to the U.S. in 2014, up 19.6 percent compared with 2013, according to the General Statistics Office of Vietnam (GSO). In particular, the fastest growth rate was seen in such groups as textiles and garments (13.9 percent), footwear (26.1 percent), wood and wooden products (12.8 percent), and electronics, computers and components (45 percent).

Related Keywords: BJP MLA, Foreign direct investment, Ichalkaranji, implement textile policy, invite experts, New textile committee, Suresh Halwankar, Textile town

A new textile committee has been set up under the chairmanship of Suresh Halwankar, BJP MLA from Ichalkaranji, a textile-town in Kolhapur district to effectively implement the textile policy.

The previous committee consisted of national and state level textile institutions, business associations and bureaucrats, the new one has only bureaucrats except Halwankar, a second time MLA.

Related Keywords: B2B e-commerce activities, British company, FDI policy, Foreign direct investment, MBRT, multi-brand retailing sector, proposal for investment, Tesco

After the UPA-led government of India announced the policy of allowing 51 percent foreign direct investment (FDI) in the multi-brand retailing sector in September last year, Tesco Plc, UK-based was the first global retailer to apply for multi- brand retailing and only proposal for investment received by the government, Parliament was informed today.
 
Till now, British retail major, M/s Tesco Overseas Investment Ltd’s proposal has been approved by previous Government to carry out the business of multi brand retail by trading in India.