TT inks $10 million MOU with Chinese textiles player

25 Oct 2013 Evaluate

TT, a vertically integrated $100 million plus group, signed a $10 million MOU with one of the largest Chinese textiles player for sale of 100% cotton yarn in the coming year. This agreement was signed in India - China Business Matching Making Symposium sponsored by the Chinese and Indian respective Commerce Ministry and organized by CII.

The company is targeting a $40 million business in just China i.e. 50% growth over last year. Overall the company sells its products to over 62 countries spanning 5 continents - however since last year China is turning out to be the largest market.

TT (formerly named as Tirupati Texknit) is engaged in the manufacturing of combed cotton yarn, carded cotton yarn and knitted fabric cloth at its units at Gajroula (U.P) and Avinashi (Tamil Nadu). The company is a progressive organization with sound investments in good quality systems and innovative marketing.

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