YarnsandFibers.com (YNFX) announces Joint Co-operation with Confederation of Textile Industry (CITI)

YarnsandFibers.com, the leading provider of Textile Market Intelligence and Market Development is pleased to announce a partnership with Confederation of Textile Industry, known as CITI on content sharing. The relationship allows both organizations to exchange market information, conduct business surveys jointly on the textile industry and publish analyzed industry intelligence that will benefit the members of both organizations and overall industry.

YarnsandFibers for the last 9 yrs have been constantly providing updated market information on price movements, in –depth analyzed reports, Global news, industry reports, that is used as a powerful tool by yarn - fiber manufacturers and industry professionals for empowering their business decisions. In our endeavor to continuously serve the industry with rich knowledge and authenticated information, YnFx joins hand with CITI.

With growing competition in textile industry, the need for authentic market information has become the most important factor. The fragmented and dispersed Indian textile industry needs a strong market information infrastructure to remain competitive in global markets as well as in Indian markets. With the close cooperation between YnFx and CITI, comprehensive market intelligence will be made available at one-stop shop instead of companies sourcing information from fragmented and incompetent sources.

“Joining hands with CITI allows us to delve deeper into the textile market and release in-depth analyzed market reports that will be of great value to the growing industry” says Mr. Sanjiv Khandelwal, CEO of YarnsandFibers.com. “This is a key opportunity to bring exceptional textile researched reports of global importance to a wider audience.”

“With removal of bilateral quotas on our exports and opening up the domestic textile and clothing markets to imports, the industry needs reliable information on global developments in this sector on a regular basis, including the trends in production and prices of raw materials” says D.K.Nair, Secretary General, CITI. “Data deficit is a major handicap for our T&C industry and the tie-up with YnFx is part of the endeavor of CITI to remedy this situation”.

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.YarnsandFibers.com

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