Vol. XXII No.2 July - September 2016

Opinion

Quaterly Newsletter of LNJ
Bhilwara Group

Editorial Team

Editor-in-Chief: Sudhir Sood

Copy Editor: U. Padma Latha

Editorial Board:

  • S.C. Garg
  • O. P. Ajmera
  • Raju Rustogi
  • Rakesh Mahajan
  • Sanjay Sharma
  • Mohit Maheshwari
  • Jyoti Gupta

 

 

 

Contact Detail

Bhilwara Towers, A-12, Sector-1,
Noida-201301, (INDIA)

Tel.:+91-120-4390300

Email : padma.latha@lnjbhilwara.com

Website : www.lnjbhilwara.com

 

© 2016 LNJ Bhilwara Group. All Right Reserved.

Letter from Editor-in-Chief

Letter from Editor-in-Chief

Dear All,

Our Chairman has noted with concern the adverse half yearly results and how we need to reenergize ourselves to ensure that such slips are avoided. I am certain, as in past, this time too we shall pool in our efforts together to bounce back.

May be the Olympics too can give us a lesson or two. While the women made us all immensely proud by their performances, the overall results in Olympics were highly disappointing. Somewhere we lacked on many counts, and it was not difficult to locate those lapses. Much like the Olympics team, we should also display grit and determination and reorganize ourselves to keep taking LNJ Bhilwara flag to greater heights.

Meanwhile, there may be worries on the economic outlook. According to the June 2016 Global Economic Prospects of the World Bank, the growth prospects have weakened throughout the world economy. Global growth for 2016 is projected at 2.4%, 0.5% point below the January forecast. However, we may take solace in the fact that global growth is projected to pick up to 3% by 2018. Downside risks have become more pronounced. These include deteriorating conditions among key commodity exporters, softer-than-expected activity in advanced economies, rising private sector debt in some large emerging markets, and heightened policy and geopolitical uncertainties.

Notwithstanding the grim global outlook, we have reasons to chin up a bit. According to IMF World Economic Outlook Update (January 2016), Indian economy is expected to grow at 7-7.75% during FY 2016-17, despite the uncertainties in the global market. The sentiment on uptick was echoed recently by Ficci Economic Outlook Survey, which projected a 7.8% growth in view of the better performance by agriculture and industry sectors. Reserve Bank has also said the near-term growth outlook for India seems brighter than last fiscal and the economy is likely to expand at 7.6% in 2016-17.

There has been good news on the textiles industry front too. The textiles sector has witnessed a spurt in investment during last five years. The industry (including dyed and printed) attracted Foreign Direct Investment (FDI) worth US$ 1.85 billion during April 2000 to March 2016. The Indian government has come up with a number of export promotion policies for the textiles sector. It has also allowed 100% FDI in the Indian textiles sector under the automatic route.

With your sustained efforts, the LNJ Bhilwara Group has been able to establish itself as one of the leading textile Industries in India. Our consistent efforts on systems have yielded improved quality of products. With the industry showing signs of improvement, we must try and work harder on achieving new benchmarks. Collectively, we must focus on optimal utilization of our facilities and each one of us should contribute our best to enhance our outputs through finest inputs.  

Festivities are round the corner and all of you would get plenty of reasons to share, cheer and celebrate. This time of the year is also special as it gives us ample opportunities to meet friends and families, when our children enjoy the fervor of Dussehra and Diwali. I take this opportunity to wish you all a very happy festival season. Do celebrate Navratra and Diwali and share the joy with your friends and families.

With Best Wishes,

T. Dev Joshi

Editorial Team

Editor-in-Chief: Sudhir Sood

Copy Editor: U. Padma Latha

Editorial Board:

  • S.C. Garg
  • O. P. Ajmera
  • Raju Rustogi
  • Rakesh Mahajan
  • Sanjay Sharma
  • Mohit Maheshwari
  • Jyoti Gupta

 

 

 

Contact Detail

Bhilwara Towers, A-12, Sector-1,
Noida-201301, (INDIA)

Tel.:+91-120-4390300

Email : padma.latha@lnjbhilwara.com

Website : www.lnjbhilwara.com

 

© 2016 LNJ Bhilwara Group. All Right Reserved.