UP invites Vietnamese players to invest in state textile sector

The Uttar Pradesh (UP) Government has invited Vietnamese players to invest in the textile sector and enjoy the support being offered by the State Government.

Easing tax compliance for setting up MSME units in the state, schemes like One District One Product (ODOP) are some of the various lucrative facilities for the organizations that wish to invest in the state.

Addressing a virtual event India-Vietnam Trade and Investment Connect, NavneetSehgal, Additional Chief Secretary, MSME of the state said that UP has liberalized the policies and brought many changes in the ecosystem with various potential growth areas for tie-ups.

The event was jointly organized by the Indian Industries Association (IIA) and Embassy of Vietnam in India.

This virtual meet made entrepreneurs aware of the opportunities and scope of investment for expanding their business in Vietnam which will help them to make their presence in the global market.