Arun Agarwal head of home textile company Nextt, has been appointed a member of the Product Development and Small Business Incubator Board, by the Texas Governor Greg Abbott, for a term which will expire on February 1, 2019. He is the first Indian-origin American to be named to the post.
Agarwal says the board will be aiding in the development of products in the areas of business that are most successful for Texas and that have the most commercial success such as nanotechnology, biotechnology, renewable energy, agriculture, bio medicine and aerospace.
"With my company headquarters being based in Texas, being able to stimulate the economy by being a part of such a board which has a key initiative to aid in the success of these small businesses is very important to us as a company. These small businesses are the future of the state and the nation", says the Nextt CEO, also adding that his priority as a member is to ensure that the development of small businesses in the State continues to be stimulated, as they are a vital part of the economy.
Nextt manufactures home textiles, garments, apparel fabrics and polyester yarns and recently acquired the rights to Alpha Cotton that constitutes $3 billion in business worldwide. The patent will provide a new method of using polyester yarns with cotton for the home textiles industry.
Agarwal also plans to launch Nextt’s and Mikasa brand brands in India soon. Nextt is a supplier of home textiles, garments, apparel fabrics and polyester yarns to major retailers such as Walmart Kohl’s, JC Penny and Target. The company conducts almost its entire sourcing from India with micro fibres procured from China.