India Taiwan Business Associations Sign MoU to Boost Textile Cooperation

The Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) have signed an MOU to enhance collaboration in the textile industry. Initiatives include promoting trade, investment, and technology cooperation, and organizing events to foster dialogue and growth.

Effective immediately, the MOU outlines key initiatives to bolster collaboration between the two organizations. These initiatives include promoting business activities in trade, investment, and technology cooperation, as well as providing platforms for constructive dialogue among members. The goal is to stimulate collaboration and drive growth in the textile industry.

The agreement also plans for seminars, exhibitions, conferences, and interactions with policymakers, delegations, and trade promotion agencies. This collaborative effort aims to enhance technological assistance, training, and capacity-building initiatives within the textile and clothing sectors.

One critical aspect of the MOU is the facilitation of information exchange on policies and industry activities. Both CITI and TTF are committed to disseminating information on trade and investment opportunities to foster economic synergy between India and Taiwan. The agreement also emphasizes advocating 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.’ The MOU underscores a mutual commitment to nurturing long-term, mutually beneficial partnerships and enhancing 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.