Textile industry, like any other industry, has been grappling with the problem of energy crisis for a long time. But slowly, this may snowball into a major crisis and at a time when the Government is pinning high hopes on textile industry as a driver of economic growth, such a situation is not desirable.
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PHD Chamber organised a Conference on ´PHD manufacturing Signature Series 2015- Zed Effect´ recently at the PHD House, New Delhi which was inaugurated by Narendra Singh Tomar, Hon´ble Union Minister of Steel and Mines, Govt. of India.
Growth in the volume of world merchandise trade will pick up only slightly over the next two years, rising from 2.8 per cent in 2014 to 3.3 per cent in 2015 and eventually to 4.0 per cent in 2016, WTO economists have announced. Director-General Roberto Azevêdo said that ´by withdrawing protectionist measures, improving market access, avoiding policies which distort competition and striving to agree reforms to global trade rules, governments can boost trade and seize the opportunities that it offers for everyone.´
The new government is on the right path with ´Make in India´, but I just hope that the idea is carried forward with concrete steps in the upcoming budget. The budget should boost the domestic SME´s and encourage their growth.
The ITJ, in an exclusive report, presents the pulse of the industry in summarised statements about prospects in 2015 from a cross-section of industry leaders, experts and concerned authorities.
The ITJ, in an exclusive report, presents the pulse of the industry in summarised statements about prospects in 2015 from a cross-section of industry leaders, experts and concerned authorities.
It all begun in 1998 for Wacker Metroark Chemicals Pvt Ltd, when WACKER and Metroark decided to form a joint venture under Soumitra Mukherjee´s leadership. Mukherjee joined his father Swaraj Ranjan Mukherjee at Metroark to develop the know-how and install plants for manufacture of siloxane intermediates and silicone resins and varnishes, making Metroark the only manufacturer of silicones in India.