Sanjay K Jain, MD of TT Limited has been elected as the new President of Northern India Textile Mills’ Association (NITMA), the apex body of textile industry in North India. He is also the Deputy Chairman of NITRA, Vice President of FOHMA & WBHA and a committee member/special invitee of CITI, FICCI Textiles, SIMA, Texprocil, IAAI and AIOE.
NITMA elected its new leadership team at the recently held AGM in which Rajiv Garg, MD, Garg Acrylics was elected as Senior Vice President and Manish Bagrodia was elected as Vice President of the association. Hardyal Singh Cheema, the outgoing President, handed over the baton to the new team. Worried as well as excited about the current situation of Indian textile industry, Sanjay Jain said that the industry is going through unprecedented challenges, which have pushed the industry to the brink. Despite that there is a great opportunity in front of the textile industry to capture the space being vacated by the Chinese industry due to their spiraling costs.
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He was confident that the Government under the new dynamic leadership of Smriti Irani would understand the problems of the industry and reverse its 2-year blind eye attitude towards the spinning industry. He was further hopeful that all pending subsidies would be immediately released to provide some liquidity to the industry.
Naishadh Parikh, Chairman of CITI (Confederation of Indian Textile Industry) – Chief Guest at the AGM, and past NITMA Presidents congratulated the newly elected team and imposed full confidence in them to be able to take the industry forward in these challenging but interesting times. Parikh also appealed all textile associations in India, including NITMA to come together with a holistic approach and always work for complete value chain in textiles sector.
Established in 1958, NITMA has been continuously serving in the best interest of textile units in north India. The apex body has been instrumental in creating a linkage between the industry and Government. Its members collectively have an upward turnover of Rs. 50,000 crores.
