At its 66th Annual General Meeting, Cotton Textile Export Promotion Council (Texprocil) elected MK Patodia and Sunil Patwari as new Chairman and Vice-chairman. The AGM was held in a hybrid virtual model with members attending online and offline. KV Srinivasan, outgoing Chairman said the entire world came under the grip of a pandemic similar to Spanish flu’ that affected about one-third of the global population, a hundred years ago. The onslaught of the COVID-19 has ripped through not only the Indian textile and clothing sector but almost all the sectors of the Indian economy, whether manufacturing or services.

A New World’ is taking shape where a thrust on technology is changing the way we think and do our businesses. The emergence of e-commerce and its growing market share is a case in point, he added.