Related Keywords: Indian textile business, Invesco, lifestyle brand, OCM, restructuring financially distressed company, the holding company, WL Ross & Co
After the Narendra Modi government laid out proposals in the recent budget to revive the sector. US-based WL Ross & Co, specializing in restructuring financially distressed companies globally, is looking at some opportunities to invest in India's textile business
David Wax, managing director of WL Ross, said that the company currently owns a 94% stake in OCM a 90-year-old fabric manufacturer and is exploring other investment opportunities as there are terrific opportunities with 1.25 billion people and a growing middle class in India.
