NITRA’s 13th Convocation Ceremony was held on September 23, 16 at NITRA, Ghaziabad. Sanjay Jain, newly elected Chairman NITRA and MD, TT Ltd, RK Jain, Immediate Past Chairman NITRA and CMD, Pasupati Spinning & Weaving Mills, RL Nolkha, CMD, Nitin Spinners Ltd and Past Chairman NITRA along with other eminent industrialists were also present on the occasion in addition to Director General NITRA Dr Arindam Basu, Officiating Director NITRA Abhijit Pal and other faculty members.
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Saurer announced the appointment of Clement Woon as CEO and Jesse Guan as COO of the Group. This adjustment is intended to prepare the Group for its next phase of development. Dr Martin Folini will continue to be engaged with Saurer in a consulting role. Clement Woon is a Singapore citizen and was co-CEO and co-President of the Jinsheng Group. He has the proven ability in the strategic development of Multi-businesses firms to access growth and profitability.
Gujarat has performed remarkably well, achieving an 18 per cent growth over the past decade since 2004, through policy support from both the Centre and State government. Unlike several other states, entrepreneurs in Gujarat have the option of availing benefits from both the Centre and the State Government, allowing for additional benefits. The Centre’s Technology Upgradation Fund Scheme (TUFS), along with the state government’s policy, has helped entrepreneurs reap huge benefits in the sector.
Volatile prices for energy and commodities, requirements from brands, retailers and end consumers as well as government regulations have made sustainability a major challenge for the textile industry. For these reasons, resource efficiency is one of the premium targets of technical developments. The increased responsibility for work safety and workplace design is also an aspect of sustainability to which textile companies pay more and more attention.
With four more tie-ups in the last few months, A.T.E. has scaled new peaks in providing top-end technologies to the textile industry. The top-most in this group is Savio Macchine Tessili, Italy, for automatic winders, two for one twisters, open end spinning machines and yarn bulking machines. Another new tie up has been with Texpa Maschinenbau GmbH & Co. KG, Germany, for fully automatic cutting and sewing, folding and packing lines for home textiles.
AT.E., committed to provide the best solutions to our textile customers in India, continuously endeavour to add latest technology products to its portfolio. A.T.E. has now joined hands with Savio Group, Danti Paolo, and Rotondi, from Italy, and also with Texpa from Germany.
Himatsingka will invest Rs 1,300 crore, in a phased manner starting this year, in order to augment its manufacturing capacities. These investments will aid in doubling the group’s sheeting capacity and help the process of backward integrating into ultra-fine count cotton spinning. With over 10 brands, the Himatsingka group has among the largest portfolio of home textile brands with an annual throughput of over Rs 800 crore.