India, Mauritius to expand cooperation in textile sector
06 Jul 2012
The first meeting of the joint committee on cooperation on textile and clothing industry between India and Mauritius will be held from 23 July 2012, in New Delhi.
This was decided at a meeting between union minister of commerce, industry and textiles Anand Sharma and the foreign minister of Mauritius Arvin Bollel in New Delhi today.
Earlier this year, the two countries had signed a memorandum of understanding (MoU), which envisaged consolidation of the textile and clothing industry, enhancing trade and economic relations by expanding business and cooperation in the sphere of textiles, clothing and fashion industries.
Besides the MoU envisages exchange of information and documents, transfer of technology and sharing and adopting best practices in production, productivity and quality improvement, fashion and design, product development and executive development programmes between the two countries.
The two ministers at their meeting today also agreed to hasten negotiations for preferential trade agreement (PTA). They also agreed to deepen economic engagement between the two countries.
Sharma said ''bilateral economic and commercial ties have shown a healthy upward trajectory, but there is still a lot of untapped potential in diversifying our commercial exchanges.''