MAG celebrated its Silver Jubilee on November 9, 2016. All the eminent personalities who had supported MAG through these years graced this occasion with their presence. The grand occasion was adorned by the present MAG’s employees, well-wishers and business associates along with their family. GV Aras, Director, A.T.E Enterprises Pvt. Ltd., Mumbai was the Chief Guest of the event and unveiled the Silver Jubilee commemorative stone.
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In my business life, I have not seen a worse situation than this, where such a big disparity is there between spot cotton prices and yarn prices. This disparity for such an extended period of time shows there is a deep rooted problem and it?s not a temporary feature. The current isolated spurt in Indian cotton prices has aggravated the situation to an extent that many can hear the death knell. The more disturbing fact is that no domestic yarn buyer is hassled or is rushing to buy yarn-they know cotton prices have moved 50 per cent and yarn just 20 per cent-still no anxiety! International buyers have diverted their orders as cotton in India has increased much much more in comparison to international cotton prices.
In my business life, I have not seen a worse situation than this, where such a big disparity is there between spot cotton prices and yarn prices. This disparity for such an extended period of time shows there is a deep rooted problem and it?s not a temporary feature. The current isolated spurt in Indian cotton prices has aggravated the situation to an extent that many can hear the death knell. The more disturbing fact is that no domestic yarn buyer is hassled or is rushing to buy yarn-they know cotton prices have moved 50 per cent and yarn just 20 per cent-still no anxiety! International buyers have diverted their orders as cotton in India has increased much much more in comparison to international cotton prices.
In my business life, I have not seen a worse situation than this, where such a big disparity is there between spot cotton prices and yarn prices. This disparity for such an extended period of time shows there is a deep rooted problem and it?s not a temporary feature. The current isolated spurt in Indian cotton prices has aggravated the situation to an extent that many can hear the death knell. The more disturbing fact is that no domestic yarn buyer is hassled or is rushing to buy yarn-they know cotton prices have moved 50 per cent and yarn just 20 per cent-still no anxiety! International buyers have diverted their orders as cotton in India has increased much much more in comparison to international cotton prices.
The yarn manufacturing sector is a critical segment in the textile manufacturing chain as it is a resource – intensive process. Therefore, around the world, this segments of manufacturing faces numerous challenges in maintaining competitive manufacturing costs while meeting quality requirements.
MAG is today in the verge of celebrating its Silver Jubilee. MAG is always moving ahead in the textile testing area by introducing new techologies and products. With a strong R&D team, technical expertise in its possession and determination to continuously introduce new products for the industry, MAG is continuously moving forward.