Home / Knowledge / News / Textiles / Chairman of TT Ltd signs MoU with Chinese delegation
Chairman of TT Ltd signs MoU with Chinese delegation
20
Dec '10
Mr Rikhab C Jain, Chairman of TT Ltd signed an MOU with a Chinese Company at ITC Maurya Sheraton, New Delhi on December 15, 2010 for supply of textile products for a value of USD 10 million i.e. about Rs 45 crores. This is one of the 48 deals signed by the Chinese delegation (accompanying The Chinese Premier) with Indian companies and marks an historic event for the Company.

This would increase the access of the Company into the large Chinese market and would improve the image of the Company in the very difficult Chinese market as a reputed, reliable and consistent supplier of textile goods.

Mr Rikhab C Jain, Chairman of the Company said we have discussed a much larger co-operation with the Chinese counterpart and expect to do over USD 20 million business over the next one year with them. He said India and China are two major textile players in the global market and there is huge scope of cooperation between the two. He said that we haven't even touched the tip of the ice berg in terms of possibilities between the 2 countries.

The Company looks to sell cotton based items like fibre, yarn and fabric to China in a major way in the coming years. It is also planning to explore options of importing synthetic based textile products where China has a competitive edge over India.

TT Ltd is a flagship company of the 60 years old T.T. Group T.T. is a "Only cotton" Company. TT Group's philosophy is based on a firm belief in innovation, quality and service. The head of the group, Dr. Rikhab C. Jain, has planned and driven the growth of TT Group into a remarkable and highly successful concern. Mr. Jain's own visionary ideas have created a large scale yarn manufacturing enterprise, ranking among the top in India. After setting a new bench makers in the garments industry, the group ventured into Mega projects in cotton yarn and raw cotton.

TT Ltd


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search