MD of TT Limited, Sanjay K Jain has been elected President of the Northern India Textile Mills’ Association (NITMA), the apex body of textile industry in North India. In its AGM held on July 15, ITMA elected its new leadership team. Rajiv Garg, MD of Garg Acrylics and Manish Bagrodia were elected as senior vice president and vice president respectively. Hardyal Singh Cheema, the outgoing President, handed over the baton to the new team.

Jain (46) is a prominent, dynamic and young textile leader who apart from being associated with Northern India Rextile Mills Association (NITMA), holds various other important positions in a number of 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).

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

Established in 1958, NITMA has been serving the interest of textile units in Northern India and has been instrumental in creating a linkage between the industry and the government. It also acts as a bridge between the supporting industries (who are associate members of NITMA) and the industry. Its members collectively have a turnover of above Rs 50,000 crores (approx $8 billion).