NITMA elects new leadership team for 2017-19

Garg joined the family business along with his brother Sanjeev at the very young age of 21. Initially he handled steel business and then later diversified and ventured into textile business in 2000. Presently, Garg Acrylics is one of the biggest north Indian textile companies with annual turnover of Rs 1,500 crore and employing more than 7,000 people. It has a capacity of 3,50,000 cotton spindles, making it one of the highest in northern India.

Garg has been the youngest Punjab state VP of Jaycees and vice president Punjab Spinners Association. He was awarded Young Business Achiever award by Times of India in 2009. In December 2013, he conceived the idea of bringing Entrepreneurs’ Organization (EO), the only global network exclusively for entrepreneurs, to Punjab.

The textile industry is confronted with an uphill task of overcoming hurdles in domestic as well as international markets in post demonetisation scenario, said Garg. He advocated adopting scientific approach for estimating cotton crop size and cotton arrivals by various agencies.

Since its establishment in 1958, NITMA has been continuously serving the best interest of textile units in northern India and has been instrumental in creating a linkage between the industry and government. Apart from providing critical inputs in policy making, it plays a very instrumental part in guiding the industry in all critical matters, dissemination of information and organising trade fairs, seminars, and conferences. It also provides a bridge between the supporting industries (who are associate members of NITMA) and the industry. Its members collectively have a turnover of more than Rs 50,000 crore (approx. $8 billion). (RKS)

Fibre2Fashion News Desk – India