NITRA inks MoU with Tajikistan to boost bilateral trade

NEW DELHI: The Northern India Textile Research Association (NITRA) under textiles ministry has signed a memorandum of understanding with the Technological University of Tajikistan to give a boost to bilateral trade between the two countries.

The two sides signed the MoU at CII Texcon 2015 organised by industry lobby Confederation of Indian Industry in Delhi on October 16.

The MoU is aimed at forging close links between the two countries to promote textile enterprises in Tajikistan and Kyrgyzstan, along with allowing India’s small and medium-sized enterprises to explore new markets in Central Asia.

Armen Zargaryan, coordinator of International Trade Centre and leader of Tajikistan delegation said, “We see India as one of the knowledge centres in the world which can impart tremendous skills and training, and get in touch with new vendors in Central Asian countries.”

The 13-member delegation will sign another MoU with the National Institute of Fashion Technology, also under the textiles ministry.

Zargaryan said it is a mutual beneficiary agreement for enterprises in both countries to grow trade linkages and expand businesses in the coming years.

Geneva-based International Trade Centre is an agency of the United Nations which promotes trade cooperation between developing countries.