Tell us about the Sprinton stenter, which you claim is as good as the best in this segment.
This is based on German technology, and we have improved upon it a lot now. This stenter offers 15% higher efficiency than the existing machines in the market. We offer a more efficient product at a competitive price. ITMA 2015 will be the test for us, when we will know the perception of the global textile industry to this new machine. We are confident we will pass with flying colours.
What is your target for this machine?
We hope to have a good launch in ITMA 2015. And by next year, if we can begin exporting, that will be a good achievement.
How do you perceive the processing sector in India today?
This still remains a weak link in the industry. Spinning sector has adopted state-of-the-art technologies. That has not happened in our processing sector, where processors still opt for low capital intensity, mainly due to the fragmented nature of this segment. There is however a change happening, organised process houses are coming up, demand for processing and finishing lines is increasing.
Given this background, how would you face competition from low cost stenter suppliers?
While the price of our stenters is probably double that of other Indian make stenters, we offer unmatched quality, and a short payback time on the investment. This has created a good market for us.
Tell us about your R&D plans?
We are investing a sum of Rs 10 crore to set up our R&D lab. This facility will have fully-loaded machines with 3-4 chambers, and all process control devices and modern equipment. The industry can use this facility to run fabric trials, we can recommend to customers the best packages based on their requirements. It will be an opportunity for us to interact with the industry, and understand how to further improve on our machines, based on customers' specialised needs.
As an Indian textile engineering company, what would your message be to your peers?
I want to say this - We as Indians should believe in ourselves, we have the capacity and the capability to manufacture world class products and cater to the world market.
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