Indian apex clothing association, the Clothing Manufacturers Association of India (CMAI) has inked a memorandum of understanding (MoU) with the China Chamber of Commerce for Import and Export of Textiles (CCCT) to cooperate in the apparel sector. The cooperation will explore new business opportunities and exchange trade and data for mutual benefit.
"CMAI has inked a MoU with CCCT to extend cooperation to each other for new business opportunities and exchange of trade and data related co-operation for mutual benefit,” Rahul Mehta, CMAI president said.
“China has begun to reduce focus on its labour intensive sectors like the textile and apparel industry, which offers a big potential to India and fill up the space vacated by China,” Mehta added.
The cooperation is expected to benefit both China and India as while organising trade shows, both trade bodies will try to bring in new companies as well as visitors to the fair.
Apparel & Textile News - Apparel Talk, Indian Apparel