July 16, 2024
Policies

CITI And TTF Sign MoU To Enhance Textile Industry Cooperation

The Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) have signed a Memorandum of Understanding (MOU) to significantly enhance cooperation and foster exchanges in the textile and clothing industries. This pivotal agreement was formalized by Rakesh Mehra, Chairman of CITI and James Kuo, Chairman of TTF.

Effective immediately, the MOU commits CITI and TTF to:

  • Actively promote business activities in trade, investment, technology cooperation, and other services related to textile and clothing.
  • Provide platforms for constructive dialogue among their members to stimulate collaboration.
  • Collaborate in organizing seminars, exhibitions, conferences, and engagements with policymakers, delegations, and trade promotion agencies.
  • Enhance technological assistance, training, and capacity-building initiatives.
  • Facilitate the exchange of information on policies and industry activities.
  • Disseminate information on trade and investment opportunities to foster greater economic synergy.
  • Advocate for initiatives that promote ease of doing business in both countries.

Rakesh Mehra, Chairman of CITI, expressed enthusiasm about the MOU, stating, “This partnership with TTF represents a significant step towards strengthening ties between our nations’ textile industries. By fostering collaboration in trade, technology, and policy, we aim to drive sustainable growth and innovation across the sector.”

This MoU highlights a mutual commitment to nurturing long-term, mutually beneficial partnerships and advancing the competitiveness of the Indian and Taiwanese textile sectors on the global stage.

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