CITI and TTF Join Hands to Boost Textile Industry Cooperation

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

Under the MOU, CITI and TTF will promote business activities in trade, investment, and technology cooperation. They will also provide platforms for dialogue among their members to stimulate collaboration. Plans include organizing seminars, exhibitions, conferences, and engagements with policymakers and trade promotion agencies.

The MOU aims to enhance technological assistance, training, and capacity-building initiatives within the textile and clothing sectors. It also emphasizes the exchange of information on policies and industry activities to foster economic synergy between India and Taiwan. Both organizations will 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 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. The collaboration between CITI and TTF is expected to open new avenues for growth and development, benefiting the textile industries in both countries.