Textiles is India´s foremost manufacturing industry and has a significant impact on the economy since it contributes to industrial output, employment generation and the export earnings of the country. With contribution of about 14 per cent to the industrial production, 4 per cent to the GDP and 13 per cent to the country´s total export earnings, the industry provide direct employment to over 45 million people.
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The 2008 recession was another defining moment in the life of Indian textile industry, and a study by Rajan Nagpal & Ronak Agarwal reveals the effect of the slowdown on the return on equity % and the profit margin % of the major textile firms following that period.
Textiles is India´s foremost manufacturing industry and has a significant impact on the economy since it contributes to industrial output, employment generation and the export earnings of the country. With contribution of about 14 per cent to the industrial production, 4 per cent to the GDP and 13 per cent to the country´s total export earnings, the industry provide direct employment to over 45 million people.
The expectation from the new government in the centre was very high. However the situations at the ground level did not alter much. The government´s attention was concentrated on macro issues. This could not lift the morale of the industry.
Anuj Bhagwati, who now heads the A.T.E. Group, joined the Group in 1994. He has been actively involved in a wide range of activities in the group: he introduced IT to the group, managed several companies, put together joint ventures, and has been a part of divestments, turnarounds, start-ups and scale-ups. In the process he has transformed A.T.E. into a modern and technology oriented group.
The expectation from the new government in the centre was very high. However the situations at the ground level did not alter much. The government´s attention was concentrated on macro issues. This could not lift the morale of the industry.
Anuj Bhagwati, who now heads the A.T.E. Group, joined the Group in 1994. He has been actively involved in a wide range of activities in the group: he introduced IT to the group, managed several companies, put together joint ventures, and has been a part of divestments, turnarounds, start-ups and scale-ups. In the process he has transformed A.T.E. into a modern and technology oriented group.