Latest Industry Release: CITI And YNFX Join Hands To Consolidate The Indian Textile Manufacturers To Boost Textile Business Opportunities With India And Globally

Confederation of Indian Textile Industry, known as CITI and YarnsandFibers.com, the leading provider of Textile Market Intelligence and Market Development solutions are pleased to announce the launch of CITI.YNFX.COM ? The CITI Marketplace. Indian exports targeted to reach USD 50 billion by 2010 has emerged as the 2nd largest exporter of Textiles. This initiative presents the aggregated suppl

Confederation of Indian Textile Industry, known as CITI and YarnsandFibers.com, the leading provider of Textile Market Intelligence and Market Development solutions are pleased to announce the launch of CITI.YNFX.COM ? The CITI Marketplace.

Indian exports targeted to reach USD 50 billion by 2010 has emerged as the 2nd largest exporter of Textiles. This initiative presents the aggregated supply base on India on a common platform to the world, allowing buyers to sources efficiently and effectively.

CITI and YNFX have jointly taken an initiative to bring together the Indian Textile Manufacturers on a platform thereby boosting textile business and exploring global markets. With rapid growth of internet usage and data available on internet to get information is no more a challenge, however vetting the genuineness of the information, though crucial is a challenge. CITI and YNFX jointly have come together to build a platform to aggregate the Indian Supply base from the textile industry. This brings forth 2 programs ? CITI ? VERIFIED SEAL and CITI AUTHENTICATED SEAL that will assist the Indian textile manufacturers for meeting the international sourcing needs out of India. Under the Authenticate scheme YnFx will capture the contact information, profile of the company thereby authenticating the company resulting in gaining buyer?s confidence at the first sight. Similarly under the CITI Verified, in addition to authenticating basic details YnFx will visit the plant and office of the supplier and capture machine details, product specification, quality standards, personal interaction with CEO / MD to understand vision of the company etc. A small video clipping of the company and products will be published on CITI ? YNFX. This helps a buyer to learn about the supplier prior to contacting them for business.

Mr D.K Nair, Secretary General, CITI says, whole host of issues including supply chain logistics and infrastructure bottle necks co-exist and leading in a way, to India not being able to leverage its comparative advantage in the T&C sector.
There is a tremendous need for reform to enable the country to capture the maximum value at each segment of the supply chain. This new initiative will be a step in the right direction which will help companies to get information and opportunities on a sustained basis.

CITI and YNFX strongly believe that the 2 programs are beneficial to buyers as well as the supplier. A buyer has the option to select the supplier of his choice from a complete directory thus saving the time and money in sourcing. With regards to supplier, research has indicated that prospective buyers have much greater tendency to deal with authenticated or verified companies.

For more information you need on this scheme please visit us at: http://citi.ynfx.com or call us at the CITI Helpdesk at 022 66291122.

About CITI

Confederation of Indian Textile Industry (CITI) having its head quarters at New Delhi has been incorporated as a Company under Section 25 of the Companies Act 1956 in May 2005, by broad basing the erstwhile Indian Cotton Mills' Federation (ICMF). The efforts of CITI for obtaining policy inputs from the Government targeted at the overall growth of the textile and clothing sector have helped in shaping Government initiatives like The Technology Upgradation Fund Scheme, The Technology Mission on Cotton, the Debt Restructuring Package and significant rationalization of the excise duty structure for the sector. CITI is an industry chamber representing the entire textile value chain of all fibre lines. For more details, please visit www.citiindia.com

About YarnsandFibers
YarnsandFibers.com is an online Market Intelligence and Market Development portal for the Yarns and Fibers industry. YnFx provides in-depth reports and statistics on the global Textile Industry including Market Intelligence Reports, Price Trend Analyses and a dynamic trading zone for producers, traders of yarns and fibers globally. YnFx focuses on using online and offline mechanism to bring people closer and deliver maximum value to members. YnFx understands your business needs and builds an environment for textile professionals to conduct business. YnFx.com provides users with highly targeted, easy-to-use interface, utilizing advanced Internet technology. For more information please call ? Mini Nair at 91 (22) 66291120 or visit us at www.YnFx.com

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Company Name: Christy Rm
Issued By: Christy RM
Phone: +91-22-66291127
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by Christy RM (few years ago!)

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