M Ravichandran Purushothaman is the president of Danfoss India, the Indian subsidiary of Danfoss Global. With experience spanning over 28 years, Purushothaman has worked extensively in building businesses in India, Asia Pacific and Europe.
Year: 2015
Founded in 1962 to provide the Indian textile mills with the latest spinning technology, Lakshmi Machine Works Ltd (LMW) is today a global player and one among the three manufacturers of the entire range of textile machinery from blow room to ring spinning. Currently, LMW holds 60 per cent market share in the domestic textile spinning
The rapid development in the technical textiles and apparel industries has had a positive impact on the demand for lyocell fibres, states Transparency Market Research in its recent report. The 62-page research publication reveals that registering a strong CAGR of 7.90 per cent during the forecast period, the global lyocell fibres market is poised to rise from $692.7 million in 2013 to $1,179.5 million by 2020.
The Pakistan Finance Minister Ishaq Dar recently successfully struck agreements with textile and service sector tycoons and announced the imposition of 10 per cent regulatory duty on import of cotton yarn from India and grey and processed fabric as well as devising a formula of tax payment for service providers.
GV Aras, Director of A.T.E. Enterprises Pvt Ltd, has in all 30 years of experience in textile and textile engineering industry. He has been with A.T.E. since more than 25 years. He joined A.T.E. in 1981 as a Junior Sales and Service Engineer and rose to attain the position of Director – Textile Engineering Group (TEG) of A.T.E.
The proposal of Toyota Industries India Private Limited to set up a textile and spinning machinery manufacturing unit with an investment of Rs 410 crore at Vasanthanarasapura Industrial Area in Tumakuru district was cleared by the Karnataka State High-Level Clearance Committee on September 14, 2015.
The Telangana Spinning & Textile Mills Association (TSTMA) has sent an SOS to the Central government asking for help to ensure that healthy mills do not face closure due to adverse external factors.