Home / Knowledge / News / Textiles / TT Limited's Sanjay Jain is new president of NITMA
TT Limited's Sanjay Jain is new president of NITMA
18
Jul '16
Sanjay K Jain, Managing Director of TT Limited
Sanjay K Jain, Managing Director of TT Limited
Sanjay K Jain, managing director of New Delhi based hosiery manufacturer and exporter TT Limited, has been elected as president of Northern India Textile Mills' Association (NITMA), the apex body of textile industry in North India.

Apart from NITMA, Jain (46) has held several important positions in various other associations across the country. He is deputy chairman of Northern India Textile Research Association (NITRA) and vice president of Federation of Hosiery Manufacturers' Associations of India (FOHMA) and West Bengal Hosiery Association (WBHA). He is also a committee member/special invitee of CITI, FICCI Textiles, SIMA, Texprocil, IAAI and AIOE. He is also a regular speaker in conferences and regularly writes articles in various magazines. 

Combining his industry experience of almost 2 decades with professional qualifications (MBA from IIM-Ahmedabad, ACMA, ACS), Jain is also involved directly and indirectly in policy making as member of the Textile Sector Council of West Bengal government and Government of India's Textile Mentor Committee. He was also part of the sub-committee on Textiles & Apparels for the 12th Five Year Plan.

Speaking on the occasion, Jain said that the industry is going through unprecedented challenges, which has pushed the industry to the brink. He, however, added that there is a great opportunity for the textile industry to capture the space being vacated by the Chinese industry due to their spiraling costs.

While being excited at the industry being at a very important threshold, he was worried about the immediate crisis of the industry due to isolated increase in cotton prices in India while global prices were stable. The recent RBI Financial Stability Report shows that the highest slippages to NPAs from Standard account in 2015 were in textiles (8.8 per cent). Textile industry also has high stressed advance ratios and high percentage of weak companies.

Jain said that he was confident that the textiles ministry under the new dynamic leadership of Smriti Irani would understand the problems of the industry and reverse its 2 years blind eye attitude towards the spinning industry. He was hopeful that all pending subsidies would be immediately released to provide some liquidity to the industry.

NITMA's annual general meeting (AGM) also elected Rajiv Garg, managing director of Garg Acrylics as senior vice president and Manish Bagrodia as vice president. Outgoing president Hardyal Singh Cheema handed over the baton to the new team. 


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search