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Lectra inaugurates its new subsidiary in Bangalore
24
Jun '08
Lectra, the world leader in integrated technology solutions dedicated to the soft goods industries, is proud to announce the opening of a subsidiary in India. Based in Bangalore, this subsidiary aims to develop new sales opportunities and to strengthen proximity with Lectra's clients.

India: A dynamic country, rich in complexity
India is a superpower in the making: With a growth rate of around +8.5% in 2007, India is one of the countries with the best economic prospects in the world, for its internal markets as well as its export capacity.

Lectra works with Indian companies in the apparel, footwear and fashion accessories industries, as well as in the automotive and industrial fabrics sector.

From an industrial point of view, two sectors are particularly well-developed in India: automotive and apparel. Concerning the automotive sector, the main global players all have a presence in India and have opened production facilities there, especially for the manufacturing of cars for the domestic market, which is booming. India is in fact the second largest market in the world for small cars. For apparel, India is among the top five biggest textile and clothing exporters worldwide (T-shirts, dresses, blouses, pants, and men's shirts).

Setting up operations in India and developing strong links with clients is therefore a major competitive advantage for a business such as Lectra.

Lectra has been present in India for over 10 years, represented by its dynamic and trusted partner Magnum Solutions Pvt Ltd, and has clearly established its leadership position among its installed client base, particularly in the garment, wind energy, and automotive markets. Lectra enjoys a leadership position across all markets with over 70% share of the market for car seats and interiors.

In addition to setting up its own subsidiary in India, Lectra intends to continue — and strengthen — its partnership with Magnum Solutions Pvt Ltd, by adopting a mixed distribution model. This strategy will enable Lectra to optimize its contact with clients and to offer focused and customized solutions adapted to its clients' specific process requirements, whether those be automated cutting solutions, state-of-art software, or value-added services.

Lectra India will concentrate on three main objectives: build and manage account relationships in the apparel, footwear and fashion accessories markets; develop and build on its presence in the automotive (seats and interiors) and industrial fabrics markets; and finally position itself as a key solutions provider for the Indian furniture market.

Lectra appoints Laxmanasandra Jayaram (L.J.) Prashanth as head of its Indian subsidiary
In order to accomplish these goals, Laxmanasandra Jayaram (L.J.) Prashanth has joined Lectra as Managing Director of the Indian subsidiary.

“L.J. Prashanth is in charge of defining, planning and coordinating all of Lectra's activities in India, in direct contact with headquarters and the regional management teams in order to give a new dimension to Lectra's development on the Indian sub-continent," emphasized Daniel Harari, CEO Lectra. ”With his in-depth understanding of the Indian markets and a wealth of experience gained in working for international companies, LJ Prashanth brings with him dual skills which will be extremely valuable to us.”


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