India Launches USD300mn Credit Package For Vietnamese Textile Sector

News: The government of India has launched a preferential credit package worth USD300mn in order to invest in the garment and textile industry in Vietnam, according to the Vietnam Textile and Apparel Association. The initiative is aimed at helping Indian trade after Vietnam concludes the Trans-Pacific Partnership (TPP) trade pact later in 2015. India will assist investment projects in the sector using Indian-made equipment and service up to 75% of the total funding estimated for a single...

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