PLI SCHEME BOOSTS INDIA'S TELECOM EQUIPMENT MANUFACTURING, SALES TOP RS 50,000 CRORE

Under the MOU, CITI and TTF will promote trade, investment, and technology cooperation, organizing seminars, exhibitions, and conferences to foster technological assistance and capacitybuilding in the textile industries of India and Taiwan

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The Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) have signed a Memorandum of Understanding (MOU) to strengthen cooperation and promote exchanges in the textile and clothing sectors, according to a press release by CITI. This agreement was formalized by Rakesh Mehra, Chairman of CITI, and James Kuo, Chairman of TTF, marking a significant milestone in bilateral textile relations.

Under the MOU, which takes effect immediately, CITI and TTF have committed to a series of initiatives aimed at enhancing collaboration. Key areas of focus include promoting business activities related to trade, investment, and technology cooperation. The organizations will also provide platforms for constructive dialogue among their members to stimulate collaboration and exchange of ideas.