In a significant development during the Annual General Meeting on September 22, 2023, Prashant Mohota, the Managing Director of Gimatex Industries Ltd., has assumed the Presidency of the Indian Spinners Association. Gimatex Industries, renowned for its integrated textile plants in Hinganghat near Nagpur and Ahmedabad, boasting 225,000 spindles, sees Mohota's election as a testament to his industry leadership.
Furthermore, Prakash Maheshwari, the Chief Executive of Corporate Affairs at RSWM Ltd., has been elected Vice President. RSWM Ltd., a major player in the sector, operates a substantial 578,126 spindles for synthetic blended and cotton/melange yarn production, alongside impressive Denim Fabric and synthetic/cotton knitted fabric output.
In an additional development, M.L. Jhunjhunwala, former President of RSWM Ltd., has been appointed as the Executive Director. The Indian Spinners Association's role in uniting spinning mills focused on man-made and synthetic fibers under one umbrella signifies its dedication to fostering growth and collaboration within the industry.