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Managing Director Reckon Industries
Weaving sector needs incentives to innovate eco-friendly fabrics
Reckon Industries adapts latest systems for manufacturing from designing and procurement of fabrics to quality control. The company recently started its new venture for manufacturing of textile process house machines like steaming machines, curing machines, continuous washing range, loop ager for digital printing and all types of dyeing machines. Managing Director Abhishek Pachauri shares the latest developments at his company and makes suggestions in improving the textiles sector.
Tell us briefly about the journey of your company. How did you come to start your company, who are the founders, the initial seed money, and the milestones achieved?
Though the journey has just started for Reckon Industries and there is a long and beautiful road ahead, we have had, till this far, a very exciting journey with young talent bringing in fresh energy, ideas and innovations by developing new products and giving maximum time to R&D so as to explore new frontiers. Reckon Industries was founded in November 2015 by my father Suresh Pachauri and me. Just as any start-up has to pass through initial hiccups, our company was no different, but was built with a strong determination to go on and grow so as to give this industry something that no one has yet thought of achieving; that has made us one of the major players. For us awards do matter, but more than anything customer satisfaction is the biggest award for us.
Every machine supplied is a milestone and every satisfied customer is our only award. But the biggest milestone is exporting globally.
A lot of textile traders in Surat recently protested against the GST. What are your thoughts on this? Can GST be a game-changer for the Indian textiles industry?
If my perspective is sought then definitely this is going to be the biggest game changer on a positive note. Everyone cannot be happy; some will have different opinions and views. But yes, overall as a business-person, your profits would decrease, but your clientele and modus operandi will be hassle-free.
What are the changes that you are looking for in the rates announced and why?
As a machine manufacturer, earlier we had to do two different taxations of excise and sales tax which comprised 17.5 per cent.
The GST now is 18 per cent and an increase of 0.5 per cent won't make much of a difference. But just cumulating different taxes would ultimately lead to this only, what GST is proposing. We are not the first nation to introduce GST; the more money that is kept in rotation, the better is the development. People want to do hassle-free businesses and they want the taxes being paid to the government to be utilised for development and for better infrastructure. But, when tax money is siphoned out of the growth channel, it shall have an adverse effect leading to tax evasion. As a citizen no one is against a rise in taxation unless and until it is returned to the taxpayers with long-term benefits. It is a whirlpool on both sides, positive as well as negative.
What are your expectations and suggestions for the National Textiles Policy (NTP)?
Suggestions won't be the right term to be used, because as a businessman somewhere I would be selfish with my suggestion as profit-making would be my top priority. But expectations surely can be discussed:
1. Making this sector more organised in terms of technology and skilled manpower;
2. Making the sector more aware about reducing carbon footprint;
3. It should ask processing units to improve the on-floor working environment for its skilled and unskilled labourers;
4. More benefits should be given to upcoming and advanced technologies to all channels of the industry;
5. Weaving sectors should be pushed with incentives to innovate eco-friendly fabrics and the same should be followed by the yarn sector as well.
What are the three steps taken by your company to ensure a smaller carbon footprint?
Being a manufacturing unit of machines, we do not have much role to play on our shop floor with carbon footprint, but of course our clientele play a major role. So, giving clients technologies of the future that would help reducing their carbon footprint is our primary objective and motto.
1. We are constantly evolving the precision in our machine automation which helps clients in reducing wastage of energy;
2. We are putting a lot of effort into R&D to developtechnologies that conserve energy and use renewable resources to achieve results better than conventional processes;
3. We do constant innovations to reuse the energy produced to run/operate our machines to optimise and help in reduction of operating cost of our clientele.