Deals25 Jan 2025, 07:45 pm
Kothari Industrial Corp. to Revive 'Industrial Economist' Magazine After Signing Licensing Agreement
AI Summary
Kothari Industrial Corporation Ltd. (KICL) has announced its entry into the media space by signing a letter of intent (LoI) to operate, print, publish, and circulate the 'Industrial Economist' magazine, founded by the late S Viswanathan. KICL has initialled the LoI with Mrs. Padma Viswanathan, a member of the founding family, to execute a licensing agreement within a specified timeframe. The company aims to bring back the glory of the Kothari brand and the Industrial Economist, focusing on increasing job opportunities for women and contributing to the economic growth of Tamil Nadu and India.
Key Highlights
- Kothari Industrial Corp. Ltd. (KICL) to publish 'Industrial Economist' magazine in digital or print format.
- LoI signed with Mrs. Padma Viswanathan, a member of the founding family, for a licensing agreement.
- Industrial Economist was founded by the late S Viswanathan and published from Chennai for 57 years.
- KICL's Managing Director, Mr. Rafiq Ahmed, aims to empower women and create job opportunities in rural areas.
- KICL is setting up a non-leather footwear technology park in Perambalur district, Tamil Nadu, and expanding into hotel chains and drones.