The Young Entrepreneurs Group (YEG) of Confederation of Indian Textile Industry has grown substantially since its inception in March 2003. The Group, comprising young entrepreneurs in the textile industry holding management positions, has expanded from 25 members in 2004-05 to 34 members in 2017-18. More importantly, the membership has expanded beyond members from spinning and weaving segments to clothing and machinery manufacturers. This was the result of a conscious effort on the part of the members to expand the membership base, keeping in view CITI’s broad basing initiatives. Any entrepreneur less than 40 years of age and holding a management position in a textile unit is eligible to join the Group.
Activities of the Group
The Group usually meets at least 4 times a year and some expert is called in the meetings of the Group for speaking on specified subjects, which could form the subjects for discussions in the meetings.
YEG subscription payment details
Each member has to pay an admission fee of Rs. 25,000/- and an annual subscription fee. The annual fee for each year is decided by the Group in its Committee meeting. The fee for 2017-18 is Rs. 10,000/-. Normal fee cycle starts with the financial year.