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| The Textile Magazine
August 2012
cover story
The global economies in 2011-12,
witnessed slowdown. The Euro zone was
the worst affected. The US economy,
though impacted, has now started
showing signs of mild recovery. The
Chinese and Indian economies, which
were driving the global economy for
some time, are also showing signs of
slowdown.
Mr. Ashok B. Jiwrajka, Executive Chairman, Alok
Industries Ltd., says: “Surely, the prevailing economic
environment has had an impact on the global apparel
and textiles industry. Having said so, we strongly be-
lieve that economic cycles will always exist and com-
panies like Alok, which have a long-term vision will
have to rely on identifying and delivering on pockets of
opportunity that are always there even in the worst of
economic conditions”.
Alok’s domestic sales in 2011-12, were up 41 per cent
to Rs. 5,871 crores. Exports were up 37 per cent to Rs.
3,030 crores and total sales were up 39 per cent to Rs.
By K. Gopalakrishnan