Promoting trade and investment cooperation with the southern region of Gujarat state

Promoting cooperation in the field of textile and fashion materials between Vietnam and India. Invitation to attend the webinar: "Some notes in negotiating, signing and implementing contracts with Indian partners"

Attending the forum to discuss business and investment cooperation opportunities between the Southern Gujarat region and Vietnam were leaders of the Southern Gujarat Chamber of Commerce and Industry, about 50 enterprises that are members of the Chamber of Commerce and Industry in the fields of textiles, pharmaceuticals, chemicals, diamond production, fertilizers, renewable energy, etc.

Thúc đẩy hợp tác thương mại, đầu tư với khu vực phía Nam bang Gujarat - Ấn Độ

Vietnam and India Business Forum

Mr. Bui Trung Thuong, Vietnam's Trade Counselor in India, presented an overview of the political and diplomatic relations, economic cooperation, trade and investment between the two sides throughout history. Gujarat is the hometown of Mahatma Gandhi, who together with Uncle Ho laid the foundation for the Vietnam - India relationship. Gujarat is also the hometown of the current Indian Prime Minister Narendra Modi, who has brought the Vietnam - India relationship to a new historical high point of "Comprehensive Strategic Partnership". Trade and investment relations with Gujarat also have many bright spots when the Adani Group is looking for investment opportunities in the fields of seaports, airports, logistics services and renewable energy with a committed capital of up to 10 billion USD.

Surat is a city in the western Indian state of Gujarat, located at the mouth of the Tapti River, close to the Arabian Sea, where it was once the region's largest and busiest seaport. Surat is now the commercial and economic center of southern Gujarat, and one of the largest urban areas of western India. It is the second-largest city in Gujarat after Ahmedabad and the eighth-largest city in terms of population.

Surat is known as the second largest textile city in India, the strength of Surat's textile industry is yarn production, weaving, processing, embroidery. Surat supplies about 90% of polyester yarn for the whole of India and about 65% of man-made fabrics.

President of South Gujarat Chamber of Commerce and Industry (SGCCI) presents souvenir to Vietnam Trade Office in India

Textile companies in Surat are equipped with modern machinery and technology imported from Germany and European countries, which ensures high quality, productivity and environmental friendliness. According to the South Gujarat Chamber of Commerce and Industry, all water used by the textile industry in Surat is taken from the city's treated wastewater and not from groundwater.

Surat, famous for its diamond cutting and polishing, is known as the Diamond City of India. About 80-90% of the world's diamonds are produced, cut or polished in Surat, with an annual turnover of $24 billion.

At the forum, the parties shared about the potential for cooperation between Surat city enterprises and Vietnamese enterprises in areas where both sides have strengths and potential, including textiles, chemicals, smart city construction, waste treatment, and cooperation in the production of diamond jewelry.

83rd Annual Conference of South Gujarat Chamber of Commerce and Industry (SGCCI)

The South Gujarat Chamber of Commerce and Industry (SGCCI) was established in 1940 and is one of the oldest Chambers of Commerce in India. At its 83rd annual conference, SGCCI announced the “Global Connect 84 Mission” with the mission of connecting with 84 countries and territories in the region such as connecting with 84 Embassies and diplomatic missions in India; connecting with 84 Indian representative agencies abroad, connecting with 84 Chambers of Commerce and Industry in India to bring about economic contracts or business cooperation agreements worth 84,000 Crore Rupees (about 10 billion USD).

The Vietnam Trade Office in India is coordinating with SGCCI to organize delegations to Vietnam and webinars, connecting businesses online. Vietnamese businesses interested in opportunities to import and export textile products, petrochemical products, iron and steel, chemicals, natural rubber, agricultural products, fertilizers, renewable energy, jewelry production, cooperation in the field of diamond cutting and polishing, supporting industries, etc., should send information to the Vietnam Trade Office in India via email: [email protected]; [email protected]./.

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