The MoU with the China Cotton Association (CCA) envisages co-operation on a host of matters relating to cotton, including regular exchange of delegations between the two trade bodies, training, information exchange and dissemination and speedy resolution of members' issues, among others, the CAI said in a release.
The partnership will go a long way in making cotton trading safer in both countries, it said.
According to Nayan C Mirani, President CAI, "India and China are the largest cotton economies, and signing this MOU will go a long way in resolving the issues faced by traders in both the countries.
"For many years China has been the biggest importer of Indian cotton. This MoU will definitely promote Indian cotton in China in a big way. This will also pave the way for good trade practices and cooperation between the two countries."
------------------------------------------ MRSS ties up with US-based data analytics firm ScoreData
BSE-SME listed Majestic Research Services and Solutions Ltd (MRSS) has formed an alliance with California- based global data analytics firm ScoreData to streamline sophisticated analytics in customer engagement.
As part of the alliance, MRSS clients will mine new data sources, modelling on the ScoreFast run-time platform to uncover insights quickly for data analysts and business managers alike, a statement said here.
"With the Indian economy on the cusp of a major tax reform that is set to galvanise the economy, the alliance would leap-frog MRSS India into the next level and gear itself for several new opportunities that are set to open up in this emerging market," MRSS India chairman Raj Sharma said.
ScoreData's analytic tool will help consumer goods companies, those from banking and financial services segment, insurance firms, telecom service and retail entities to unlock their full data potential, the statement added.