India's CITI & Taiwan's TTF strengthen textile ties with new MOU

09 Jul '24

2 min read

India's CITI & Taiwan's TTF strengthen textile ties with new MOU

Rakesh Mehra, Chairman of CITI (second from left), with representatives from CITI and TTF at the MoU signing ceremony. Pic: CITI

Insights

The Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) have signed a Memorandum of Understanding (MOU) to boost cooperation in the textile and clothing industries.
The agreement, signed by CITI Chairman Rakesh Mehra and TTF Chairman James Kuo, promotes business activities, technology cooperation, and capacity building.

The Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) have signed a Memorandum of Understanding (MOU) aimed at significantly enhancing cooperation and fostering exchanges in the textile and clothing industries. The agreement was formalized by Mr. Rakesh Mehra, Chairman of CITI, and Mr. James Kuo, Chairman of TTF, marking a pivotal moment in bilateral textile relations.

Under the terms of the MOU, effective immediately, CITI and TTF have committed to:

-Actively promote business promotional 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.

Mr. 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 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.