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Nextt CEO to help small business in Texas
06
Apr '16
NRI businessman Arun Agarwal, head of leading US-based home textile company Nextt, has been appointed a member of the Product Development and Small Business Incubator Board of Texas to stimulate small business within the state.

His term will expire on February 1, 2019, according to a press release from the office of Texas Governor Greg Abbott.

The Product Development Fund and Small Business Incubator Fund, collectively PDSBI, are revolving loan programmes administered by the Office of the Governor, Texas Economic Development Bank, under the oversight of a nine-member board appointed by the Governor.

The PDSBI Fund provides financing to aid in the development, production, and commercialization of new or improved products and to foster small business within Texas.

Agarwal said the board will be aiding in the development of products in the areas of business that are most successful for Texas and have had the most commercial success like nanotechnology, biotechnology, renewable energy, agriculture, biomedicine and aerospace.

Dallas-based Agarwal is CEO of Nextt which manufactures home textiles, garments, apparel fabrics and polyester yarns. His company is the market leader in home textiles. Nextt supplies home textiles, garments, apparel fabrics and polyester yarns to major retailers like Walmart, Kohl's, Dillard's, JCPenney and Target.

Agarwal is a board member for Gift for Life, board member for the US-India Chamber of Commerce DFW, honorary advisory board member for Indian American Friendship Council, and member of the Dallas Regional Chamber of Commerce. Agarwal volunteers his time with Chetna which assists South Asian victims of domestic violence, and Living Dreams Foundation which empowers artisans to become future business leaders.

He received the 2014 Outstanding Entrepreneur award by the Indian American Friendship Council, the 2013 Minority Business Leader award by the Dallas Business Journal, and the 2013 Entrepreneur of the Year award by the US-India Chamber of Commerce DFW. (SH)

Fibre2Fashion News Desk – India

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