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The Textile Magazine
August 2012
Highly optimistic about growth prospects
There is a rare interesting picture taken at Picanol’s Ypres factory in
Belgium in 1960, which shows an Indian Sardar working in the plant
for weaving machines. Another picture taken in 1961 shows Picanol
machine getting unloaded at one of the Indian mills. It just goes to
show the long association the Picanol Group has had with India and
the Indian textile industry. Picanol’s association with India dates back
to 1956 when the first machines arrived. Since then, there have been
many milestones in the long history of the company.
But August 3, 2012, was a red
letter day in the history of Picanol.
It is on this day that Picanol started
a new chapter in its history by inau-
gurating the Indian headquarters in
New Delhi. Picanol has created this
infrastructure for the Indian market
considering its long-term plans and
objectives. The new office is lo-
cated right in the heart of the capital
in a state-of-the-art business center.
The new office was inaugurated
by the Deputy Prime Minister of
Belgium and Minister of Foreign
Affairs, Mr. Didier Reynders. It
clearly goes to show the strong
commitment of Picanol to the
Indian textile industry. The other
cover story
By K. Gopalakrishnan