Amaravati, Dec 16 (KNN) The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) on Thursday said that Vietnamese companies are keen on exploring trade opportunities in Andhra Pradesh’s agriculture, canned food, food processing, aquaculture, dairy, meat processing and furniture sectors.

A delegation of FAPCCI, which concluded its visit to Ho Chi Minh City in Vietnam has proposed to the Vietnamese firms to set up manufacturing units in Andhra Pradesh either directly or through joint ventures.

FAPCCI president Karunendra S Jasti said that for India, Vietnam was the 15th largest trading partner globally and 4th in the Association of Southeast Asian Nations (ASEAN) after Singapore, Indonesia and Malaysia. “For Vietnam, India was the 10th largest trading partner globally,” he said.

Major exports from India to Vietnam included iron and steel, cotton, frozen meat, auto components, seafood, electrical machinery and equipment, animal feed and cereals. Imports from Vietnam included products such as electrical machinery and equipment, chemicals, copper, iron and steel products, and agriculture-based goods.

Appreciating the bilateral relations between Andhra Pradesh and Vietnam, Consul General of India to Vietnam Madan Sethi said that Vietnam’s economy is expected to continue on a growth trajectory and Andhra Pradesh has great potential for partnership in agriculture, manufacturing and service sectors.  (KNN Bureau)