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From Founders Corner

One of the biggest problem India faces is its dependency mostly on agriculture. I do not know nationwide but villages are dependent primarily on agriculture income. In most of the villages there are very few industries hardly contributing 10% to 15% of income. The real income per head in villages are very low.

During independence movement Mahatma Gandhi tried to spearhead cottage industries such as Khadi and other Gramoudhyogs without much success.

In 1983 I acquired Aetna Pipe Products in Chicago USA. When I acquired it was 50 years old company making primarily electrical lamp parts. It made simple products like tubing, nipples, nuts and fittings. During 85, 86 we had hard time to compete against the imported products from Taiwan. We just could not make price competitive. Read More
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