CITI And TTF Sign MOU To Enhance Trade And Technology Collaboration In Textiles
Date
7/10/2024 2:19:31 PM
(MENAFN- KNN India)
New Delhi, Jul 10 (KNN) The Confederation of Indian Textile industry (CITI) and the Taiwan Textile Federation (TTF) have entered into a Memorandum of Understanding (MoU) to enhance cooperation between their respective textile and clothing industries.
The agreement was signed by CITI Chairman Rakesh Mehra and TTF Chairman James Kuo, marking a significant development in bilateral textile relations.
The MOU outlines several key initiatives to bolster collaboration between the two organisations. These include actively promoting business activities in trade, investment, and technology cooperation, as well as providing platforms for constructive dialogue among their members to stimulate collaboration.
The agreement also details plans for organising seminars, exhibitions, conferences, and engagements with policymakers, delegations, and trade promotion agencies.
A critical aspect of the agreement is the facilitation of information exchange on policies and industry activities.
Both CITI and TTF will work to disseminate information on trade and investment opportunities to foster greater economic synergy between India and Taiwan. The MOU also emphasises advocating for initiatives that promote ease of doing business in both countries.
CITI Chairman Rakesh Mehra expressed enthusiasm about the partnership, stating that it represents a significant step towards strengthening ties between the nations' textile industries.
He emphasised that by fostering collaboration in trade, technology, and policy, the aim is to drive sustainable growth and innovation across the sector.
This collaboration is expected to open new avenues for growth and development, benefiting the textile industries in both countries.
The MOU underscores 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.
(KNN Bureau)
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