Home / Knowledge / News / Textiles / India less affected by downturn – VP, Dornier Machinery
India less affected by downturn – VP, Dornier Machinery
10
Nov '09
2008-09 turned out as a tough year for Indian textile industry. Textile machinery companies faced either slowdown in demand or negative demand scenario due to the adversely affected global economy, which trapped the textile industry too. Sales of almost all companies registered slump and some experienced almost 40-50 percent reduction in demand which led to a 30 percent drop in machinery production in India.

Fibre2fashion took the opportunity to speak to Mr. Nitin Bavkar, Vice-President, Dornier Machinery India Pvt. Ltd. In turn he shared his views on recessionary scenario in Indian textile industry and possible recovery from this downturn. Dornier Machinery is a manufacturer of different types of textile machines like weaving machine, rapier weaving machine, air-jet weaving machine, film stretching machines, dryers and textile finishing machines.

According to Mr. Bavkar, India was comparatively less affected by downturn in demand than its counterparts in other countries. Indian mills which are less dependent on exports and are having more of domestic sales have faced less difficulties comparatively than those where export has higher share in sales as domestic demand didn't experience high fluctuations and was comparatively stable.

Mr. Bavkar is quite optimistic about recovery in Indian market and said, “Things are certainly improving in domestic market and especially in weaving segment as the industry has started showing positive signs in investment from terry towel and denim manufactures and this may in turn bring encouraging scenario for weaving sector and weaving machinery manufacturers”.

While trying to elucidate his views on competitiveness of Indian made weaving machinery to its foreign equivalent and willingness of Indian market to invest in comparatively high priced machines Mr. Bavkar said, “Undoubtedly foreign weaving machine manufactures are better placed technologically.

Speed provided by foreign machines is still not offered by our manufacturers as the foreign companies invest a good amount in R&D, which is still not a trend in Indian manufacturing firms. Secondly Indian manufactures have limited manufacturing capacities and they don't manufacture in bulk”, he said.

As far as investment is concerned, businessmen won't mind shelling out higher prices for machineries if the prices are justifiable, with respect to the project's viability and if the ROI matches the expectations and benefits offered by a higher priced machine, than prices will not be an issue.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search