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

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.

Note: The content of this press release has not been edited by Fibre2Fashion staff.

Fibre2Fashion News Desk (KD)