New Delhi, 9 July 2024 –The goal of the Memorandum of Understanding (MOU) that the Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) have signed is to greatly increase collaboration and promote exchanges in the textile and apparel industries. A significant turning point in bilateral textile relations was reached when Mr. James Kuo, Chairman of TTF, and Mr. Rakesh Mehra, Chairman of CITI, finalized the agreement.
As per the MOU, which is now in place, CITI and TTF have agreed 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.
The MOU excited Mr. Rakesh Mehra, Chairman of CITI, who said, “Establishing ties between our countries’ textile industries is made possible by this partnership with TTF.” Our goal is to stimulate innovation and sustainable growth in the industry by promoting cooperation in trade, technology, and policy.”
This Memorandum of Understanding highlights a shared commitment to fostering enduring, profitable relationships and boosting the competitiveness of the textile industries in Taiwan and India on the international scene.
