Fashion
India, Germany to realise untapped economic potential on both sides
Merz is on an official visit to India on January 12-13 accompanied by a high-level delegation. This was his first official visit to India and his first visit to Asia as the Chancellor.
Indian PM Narendra Modi and German Chancellor Friedrich Merz recently reaffirmed their commitment to fully realise the untapped economic potential on both sides through SMEs, start-ups, digitalisation, AI and innovation-driven enterprises.
Merz is on an official visit to India on January 12-13.
Both leaders invited companies from the other side to invest and expand businesses in their countries.
Modi invited German companies to invest and expand businesses in India to benefit from its strong economic growth, business-friendly environment, large highly-skilled workforce and immense opportunities to scale up operations.
Merz recommended Germany as an attractive location for investment by Indian companies.
The India-Germany Strategic Partnership completed 25 years in 2025 and diplomatic ties between the two countries complete 75 years this year.
The two leaders addressed India-Germany CEOs Forum in Ahmedabad. Merz is also visiting Bengaluru with engagements focusing on business and technological collaboration, a release from the Indian Prime Minister’s Office said.
India-Germany bilateral trade in goods and services surpassed $50 billion in 2024, amounting to over 25 per cent of India’s trade with EU.
Both leaders reiterated their support for the conclusion of the India-EU Free Trade Agreement as a key outcome of the upcoming EU-India Summit, which will facilitate trade flows and inject further momentum into German-Indian economic relations.
Both leaders interacted with leading chief executive officers (CEOs) and industry leaders from either sides to encourage more business collaboration and investment in technology, automotives, defence, shipbuilding, smart infrastructure, pharmaceuticals, chemicals, biotechnology, industrial equipment engineering and energy.
They welcomed the signing of a joint declaration of intent on strengthening the bilateral economic cooperation through the German-Indian CEO Forum, which will further promote business and industry collaboration, supported by the long-standing presence of German businesses in India and Indian businesses in Germany.
The leaders noted that 2026 marks half-time of the commitment period of the Green and Sustainable Development Partnership (GSDP), and expressed satisfaction at implementation of this flagship initiative between India and Germany.
Fibre2Fashion News Desk (DS)
Nominal GDP, or GDP at current prices, is estimated to grow at 8.6 per cent to reach ₹345.47 trillion in FY26 against ₹318.07 trillion in 2024-25.
India’s real GDP is estimated to grow at 7.6 per cent to ₹322.58 trillion (~$3.54 billion) in FY26 compared to the first revised GDP estimate of ₹299.89 trillion for FY25 (7.1 per cent growth).
It released the new series of annual and quarterly national accounts estimates with FY23 base.
Real GVA is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25.
Real gross value added (GVA) is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25 (a 7.3-per cent growth rate).
Nominal GVA is estimated to grow at 8.7 per cent to hit ₹313.61 trillion during FY26, against ₹288.54 lakh crore in 2024-25.
Robust economic performance in FY26 is primarily on account of robust real growth observed in the second quarter (8.4 per cent) and third quarter (7.8 per cent).
The manufacturing sector has been the major driver of resilient performance of the economy the consecutive three fiscals after rebasing, a release from the ministry said.
Both private final consumption expenditure and grossed fixed capital formation exhibited more than 7-per cent growth rate in FY26.
Fibre2Fashion News Desk (DS)
The transition marks the formal handover of executive leadership to President and CEO Keun-Chang (Kevin) Yoon, reinforcing management continuity while preserving the founder’s long-term strategic vision.
Misto Holdings founder Gene Yoon has transitioned to honorary chairman in a planned leadership succession, formally handing executive control to president and CEO Kevin Yoon.
The founder, who expanded the group through the FILA global trademark acquisition and the takeover of Acushnet, will continue guiding long-term strategy as the rebranded Misto focuses on governance and sustainable growth.
Gene Yoon founded the business that would become Misto Holdings in the early 1990s, introducing the FILA brand to the Korean market and later leading a series of transformative transactions. In 2007, the company acquired the global FILA trademark rights through a leveraged buyout, followed by the 2011 acquisition of Acushnet Company, owner of the Titleist and FootJoy brands. The transaction was among the largest cross-border deals in Korea’s consumer sector at the time and significantly expanded the group’s global footprint.
Under his leadership, the company evolved into a multi-brand global portfolio spanning sportswear, golf equipment and apparel, generating approximately USD 3.08 billion in annual revenue.
As Honorary Chairman, Gene Yoon will remain closely engaged with the company, providing guidance on long-term strategy and global portfolio development while supporting management from a broader strategic perspective.
The leadership transition marks a new chapter under President and CEO Kevin Yoon, who has spent nearly two decades in senior roles across the group’s global operations, building deep operational and strategic expertise.
The company’s 2025 rebranding to “Misto” underscores its evolution into a global brand house focused on disciplined capital allocation, enhanced shareholder returns and sustainable long-term growth.
“Building on the founder’s legacy, our priority is to expand our global portfolio, strengthen governance and deliver sustainable value creation,” said Kevin Yoon, President and CEO of Misto Holdings.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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