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

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search