Friday, 2 March 2012

India: From high-tech to hand spinning

Volkart Brothers of Switzerland had formed a joint venture with the Tatas of India, called Voltas Ltd. It is Voltas, which brought Rieter, perhaps the world's most wellknown and respected producer of textile spinning machinery, to India, in a joint venture with Lakshmi Machine Works of Coimbatore. Voltas is a century old firm and trades in many products, but textile machinery used to account for a significant part of its turnover and profits until a few years ago.

Now, the Volkart …

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