Alongside confirmation of her exit, Lululemon has named André Maestrini as President and Chief Commercial Officer, with immediate effect. He will report directly to Chief Executive Officer Calvin McDonald.
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Goyal indicated that the official framework was imminent, stating that the details, including the mission’s elements and the nature of support available to industry, would be released this week.
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During the visit, the Indian delegation met senior Georgian government officials and representatives from universities, sericulture laboratories, research centres, textile manufacturers, carpet traders and the Georgian Chamber of Commerce & Industry (GCCI).
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Industry bodies highlighted measures such as single registration, single licence and single return for employers, as well as the introduction of an inspector-cum-facilitator framework, saying these would significantly improve the ease of doing business.
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The initiative is designed to strengthen its presence across multiple sectors and is expected to create 2,000 jobs, with a particular emphasis on providing opportunities for semi-skilled rural women and advancing women’s empowerment.
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Apparel and footwear priced under Rs. 2,500 (US $ 28), both taxed at 12%, saw stronger demand, while premium apparel priced above Rs. 2,500 (US $ 28)—now taxed at 18% instead of 12%—experienced softer sales.
