Fashion
India targets global textile hub status at Ministers’ Conference 2026
The two-day conference aims to provide a platform for deliberations on policy, investment, sustainability, exports, infrastructure development, and technological advancement in the textile sector. It aligns with the government’s vision of positioning India as a global textile manufacturing hub by 2030, with a focus on boosting exports, employment generation, and inclusive growth, in line with the ethos of ‘Vikas Bhi, Virasat Bhi’.
The National Textiles Ministers’ Conference 2026 will be held in Guwahati from January 8, focusing on policy, investment, sustainability, exports, and innovation to position India as a global textile hub by 2030.
Organised by the Ministry of Textiles, it will also spotlight North-East textiles, handlooms, silk, women-led enterprises, and flagship initiatives like PM MITRA Parks.
The inaugural session on January 8 will be attended by the Union Minister of Textiles Giriraj Singh, Chief Minister of Assam, Dr Himanta Biswa Sarma, Minister of State for Textiles, Pabitra Margherita along with other dignitaries. The inaugural session will also feature the opening of an exhibition and pavilion, showcasing India’s textile strength, innovation, and rich heritage.
The conference will feature sessions covering key areas such as infrastructure and investment, expanding India’s textile exports, raw materials and fibres, technical textiles and new-age fibres, and preserving and promoting handlooms and handicrafts. Special focus will be placed on flagship initiatives such as the PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks, sustainability and environmental compliance, technical textiles, innovation, and integrated value-chain development, the Ministry of Textiles said in a press release.
A conclave on ‘Strengthening and Empowering the Textiles Sector of the North-Eastern Region of India’ will also be held on January 8, in which textile ministers from North-Eastern states, members of Parliament, and senior officials from the centre and states will participate. The conclave will focus on unlocking the potential of the North-East’s silk, handloom, handicrafts, and bamboo-based textiles, with special emphasis on Eri, Muga and Mulberry silk, women-led enterprises, branding, and market access. The National Textiles Ministers’ Conference is expected to strengthen centre–state collaboration and chart a clear roadmap for a competitive, sustainable, and inclusive textile sector.
Fibre2Fashion News Desk (RR)
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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