BTMA President Shawkat Aziz Russell said the decision to close mills had been taken under compulsion, as mill owners were no longer in a position to service their bank liabilities under prevailing conditions
Business News
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Retail
Fashion-tech platform ZILO Appoints stylist Anaita Shroff Adajania as Style Director, Equity Partner
Her contributions will be integrated through a dedicated section on the ZILO app, enabling users to shop complete, stylist-curated looks spanning multiple brands.
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The Southern Indian Mills’ Association (SIMA) welcomed the changes as a timely measure to help the power-intensive textile sector navigate cost pressures arising from volatile export markets and rising compliance expenses.
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Ghosh brings nearly 30 years of leadership experience in the textile industry, with a background in business transformation, operational excellence and innovation across large manufacturing operations.
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The decision removes preferential access for nearly 87% of India’s exports, including textiles and garments, to the EU, leaving only about 13% of products—mainly select agricultural and leather goods—eligible for lower tariffs.
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In his new role, Aiyer will focus on enhancing brand relevance, accelerating growth initiatives and further strengthening Peter England’s leadership position in the men’s fashion segment.
