US-based home textile company ‘Nextt’, a key supplier to big retailers like Walmart, Target, Kohl’s, Dillard’s etc. may soon introduce its popular brands to Indian market, according to its CEO Arun Agarwal.
The 500-million US Dollar company that manufactures home textiles, garments, apparel fabrics and polyester yarns, sells popular brands such as Trina Turk, Kathy Ireland, Jessica McClintock, Raymond Waites etc.
“We already have textile leadership in US. As we have a tie-up with Alok Industries in India, we have decided to be a part of the Indian government’s ‘Make in India’ initiaitve. By the end of this year, we should be able to introduce our popular brands to the Indian market,” Agarwal said. Currently, 80 per cent of Nextt’s products are being sourced from India, but those are sold mostly in US and other western markets.
Agarwal said India has already taken a leadership position in high-value textile though China is way ahead in apparel segment.