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

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Marcel Alberts
Eurofibers

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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