S Srinivasan, Founder-Chairman of Tex Tech Industries, passed away at the age of 87. Srinivasan was born on Janaury 7, 1928 and he completed his engineering in Mumbai. He started his career in Escorts Ltd-Tractor division as Sales Manager.
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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.
Established in the year 1993, ´Bhagwati India´ has made a renowned name for itself as a manufacturer and trader of textile machinery. These products are in great demand in many industries of the market. These are known for their fine finish, efficiency, durability, reliability and precision engineering.
A.T.E. was founded as a part of India´s freedom movement. The idea ´ to sell high quality German textile machinery in India to challenge the prevailing British monopoly in the field. A.T.E. encompasses three essential elements of life ´ Air, Water, and Energy.
The new head of Uster Technologies in China is Walter Kiechl, previously Managing Director of Jossi Systems AG and USTER´s Fiber Cleaning segment. He took up his new post as Chief Operating Officer for China on May 1, 2015, as a member of the Executive Management Team of Uster Technologies, reporting directly to CEO Dr Geoffrey Scott.
The already successful business relation between DIENES and Rauschert needs to become closer in order to realise new challenges in the implementation of large-scale innovation projects together.
Some States have upped their ante in textiles, declaring it a ´sunrise industry´ and by improving infrastructure and policies, they promise to lend a helping hand to the Indian Government´s efforts to carve out a bigger slice in global textile trade. Joseph S and Karthik M recount the story with details.