The Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) have signed a Memorandum of Understanding (MOU) to enhance cooperation and foster exchanges in the textile and clothing industries.
Formalised by RakeshMehra, Chairman, CITI, and James Kuo, Chairman, TTF, this landmark agreement marks a pivotal moment in bilateral textile relations.
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.
Besides it also aims to provide platforms for constructive dialogue among their members to stimulate collaboration, organiseseminars, exhibitions, conferences, engage 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 and advocate for initiatives that promote ease of doing business in both countries.
RakeshMehra, Chairman, CITI, states, this partnership with TTF represents a significant step towards strengthening ties between the' textile industries of the two nations. By fostering collaboration in trade, technology, and policy, it aims 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.
