What’s new in the pipeline in terms of new products, sustainability, R&D?
Our R&D wing is continuously innovating to achieve our sustainability goals, focusing on new value additions that we wish to serve the industry with. We have recently commercialised polyester resins for textile, under which we are actively increasing our product portfolio for different applications, which will have significant advantages in our sector – in terms of recyclability of waste and highly biodegradable product outputs. This will effectively replace existing technologies with improved sustainability, better performance and cost efficiency.
In addition to the above, we have been continuously working on organophosphates for multiple applications, including good sequestering agents for textiles. We are also actively working on polyurethane dispersions since the last couple of years, for different applications in textiles and other segments, and we shall launch these technology-based products in the coming years.
India and the global economy is on the verge of another recession. Your views?
The global demand is definitely slow but it is just a part of the demand cycles, which change continuously. Organisations need to focus internally and constantly improve their competencies, as there will always be immense potential and scope to service the industry with.
For you, what is the relevance of shows like DyeChem World, which are organised in textile clusters?
We are always excited to be part of shows like Dyechem World, not only because they give us a great platform to connect with all stakeholders under one roof, but also because they are vision openers and community building platforms. They help us understand the market scenario better, give us more insights, as well as, allow us to connect with our peers to build healthy and conducive synergies.
How are you preparing for this show? What will be your focus at this show?
We are preparing by bringing together our best team for discussion on pioneer technologies of BR, as well as, by enabling real-time experience at the exhibition for our customers to get a sneak-peek into some of the R&D projects we have in line.
Our focus will be on sharing some breakthrough technologies in the space of textile auxiliaries, which will be of immense value addition to our stakeholders. In particular, we are looking forward to discuss upon silicone fluids and their derivatives like emulsions, lubricants, coatings, defoamers, and polyester resin, and polyurethanes.
We expect the exhibition to allow us to connect with a bigger set of audience, who are seeking to learn and experience value additions in their supply chain. At the same time, we expect to amplify our own vision and learn from the problem statements shared by customers.
How is the Indian textile dyes and chemicals industry performing at present? Your expectations over the next two years?
Indian textile dyes and chemicals industry is definitely facing challenges of demand and raw material price volatility, which has made it difficult to predict the growth in the short run. However, it is temporary and the price volatility seems much more stable now, and the demand is expected to be restored shortly. India still accounts for almost 5% of global textile market and considering the global turbulence, global demand is likely to shift more towards India due to the economic stability that it has shown in the last few years. This will surely help to create great growth opportunities for textile sector and in turn, the entire value chain.
There is urgent need for improved sustainability in the dyes and chemicals industry. How far, according to you, has the Indian industry reached in this regard?
Yes, sustainability is the need of the era. Every era poses different problem statements to the world and businesses are built on solving them. As there will be increase in demand of sustainability, there will be solutions. The major issue is that India is a big domestic consumption centre with relatively low per capita income.
For textiles that are being exported, the norms of sustainability have increased over the years and they will continue to improve every year, and so will the solutions from the growing Indian companies – as they will be looking to make a mark on the global front too.
However, there are a lot of producers for domestic consumption of textile fabrics. India, being so diverse, has multiple pockets where there are still no regulations in place. It is also difficult to propose ecological value additions, as their buyers are unwilling to pay the premium for sustainability. Those markets will still go relatively slower in sustainability aspect, and that will be covered by domestic producers of dyes and chemicals who are looking more towards regional level of approach for their organisation.
According to you, what is the role that the textiles dyes and chemicals industry can play in helping the textile industry move up the value chain?
We, at BR, focus on developing sustainable and efficient technologies that allow our customers to add value to their systems both economically, as well as, ecologically. Innovation and collaboration will be the key for future growth of this sector.
We, at BR, focus on developing sustainable and efficient technologies that allow our customers to add value to their systems both economically, as well as, ecologically. Innovation and collaboration will be the key for future growth of this sector.
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