Blackstone’s Stake Sale in Gokaldas-Is it a Value Making Deal for ICICI?

The Indian textile industry was the oldest and largest segment of the Indian economy. It employed around 100 million people directly and indirectly (40 million directly and 60 million indirectly) and was one of the largest contributors to Indian exports, constituting around 11% of total exports (as estimated during the fiscal year 2015-16) . The Indian textile industry was both organized and unorganized. The organized segment was constituted by the spinning, apparel, and garment segments and was characterized by the application of modern manufacturing technology and techniques. The unorganized sector comprised handlooms, handicraft, and sericulture operating on a small scale basis with the application of traditional methods and procedures. ...