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

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Urmil Arya

Sushila International, a well established textile organisation established ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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