India’s Cotton Textile Export Promotion Council (TEXPROCIL) has officially announced the appointment of its new Chairman, Ujwal R. Lahoti, who has taken the charge with effect from 21st November 2016.
The statement issued by the Council states, “After the completion of the tenure of R.K. Dalmia, Senior President – Century Textiles & Industries Ltd., Lahoti has taken the charge. He is also the Executive Chairman of Lahoti Overseas Limited, a listed company.” The decision has come when there are certain structural reforms taking place particularly in the Indian economy.
Lahoti expressed, “I am grateful to all my colleagues in the Committee of Administration of the Council, past Chairman and all the members for having given me this opportunity to serve the trade and industry. I assume charge at a time when we are at the cusp of far reaching changes in not only the way we will conduct our businesses in the coming years but also the global trading environment that will determine the outcome of our efforts at improving market shares.”
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Apart from that, another change took place at the Council as Dr. K V Srinivasan was also duly elected as Vice Chairman. He is currently the Managing Director of Premier Mills Pvt. Ltd., Coimbatore.