Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at email@example.com in case you need any other additional information.
Director India Industrial Garment Machines Pvt Ltd
All garment factories are moving out of city limits
India Industrial Garment Machines Pvt Ltd, (IIGM) is a renowned name in the garment machinery industry. IIGM Director Kartik Kapoor shares some insights on the Indian market for garment machinery and IIGM as a company in an interview with Fibre2Fashion.com
What is the size of the industry for garment machinery in India?
The organised garment machinery industry is approximately ₹2,300 crore in size.
What are the emerging manufacturing hubs for textile machineries in India?
All garment factories are moving out of city limits due to labour laws and higher wages. The core areas for garmenting are Tirupur (knits); Bangalore (organised clothing); Gujarat (embroidery); Chennai (heavy duty machines); Ludhiana, Delhi and surrounding areas (high fashion) and Kolkata (undergarments).
How big is the market for used machinery?
We do not deal with used machinery, but the 'black market' is rather large, and we are in the process of organising this sector by bringing affordable technology to our customers' doorsteps.
What are the challenges facing the machinery vertical, and what would be your three-point formula to resolve them?
The unorganised spare parts' sector has made asset care a challenge for the industry. Most suppliers provide cheap solutions to get the machine running to reduce downtime, but this affects machine performance in the long term. We are constantly educating customers to use affordable yet reliable spares to maintain their machines. Asset care is critical for running a successful operation. Moreover, GST implementation will organise this market overnight.
Software piracy is another big challenge, as the general thought process of a customer is to pay for the asset and expect the software that runs it to be free. We have authorised training centres all over the country to educate shop floor managers and operators to legalise. Exchange rates pose a large challenge for importers and exporters. The Indian currency has been rather strong lately (compared to other world currencies), but in the long term, it is still losing against the dollar. This fluctuation, many a time, is dramatic. Maybe, the government should peg its currency successfully like China does. Time will tell its story.
Delivering unique, authoritative and relevant content, Fibre2Fashion has a diverse global readership. Drawing on the expertise, networks and credibility we have developed and combining them with our in-depth research, we produce authentic news, articles, reports, interviews, interactive explainers, F2F Magazine and compendiums, amongst others helping our readers to stay abreast with the latest industry trends.