Mr. Luc Tack, Managing Director of the Picanol Group, and Mr. Kamal Oswal, Vice Chairman of Nahar Industrial Group, were also present at the inauguration. After its operational launch in 2008, the Indian subsidiary of the Picanol Group is now running smoothly.
Picanol has been successfully serving the Indian market since 1956. In view of the potential and expected growth of the Indian market, Picanol decided to set up its own organization in India in early 2008 in order to more actively support its local activities.
Since then, Picanol India, which is managed by Mr. Palanisamy Kasiviswanathan, has been looking after local sales and service activities. Today, the company is focusing on sales of Picanol weaving machines, sales of original Picanol spare parts and accessories, the PCB repair station in New Delhi for the repair of electronic circuit boards of Picanol looms and the complete servicing of Picanol looms (including installation, commissioning and troubleshooting).
In recent years, Picanol India has seen a steady growth in its market share, which has led to it becoming the leading provider of weaving machines on the local market today. India is a market of crucial importance for Picanol as it is one of the key textile markets in the world. As part of its further growth plans, Picanol India purchased new headquarters in downtown New Delhi at the end of 2011.
The print repair shop and the office, which were located in separate buildings, have been brought together in the new building. The inauguration of the new offices marks a new milestone for Picanol in India. Picanol India also has regional offices in Mumbai and Coimbatore and currently employs 35 people.
“We are excited to expand our operations and move to a new facility. With the broadest product range on the market, improved local services and considerable presence, Picanol remains highly committed to India and plans to be the leading provider of weaving systems for the entire Indian weaving sector.
“We appreciate all of the support that we have received from both state and local officials, and would therefore like to express our utmost gratitude to the Belgian and Indian government representatives for the excellent co-operation in India” stated Mr. Palanisamy Kasiviswanathan, Head of Indian Operations.
The Picanol Group is an international, customer-oriented group specialized in the development, production and sale of weaving machines and other high-technology products, systems and services.
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