Vice President (Domestic Marketing) Jay Chemical Industries Ltd
Textile dyes that reduce effluent load in waste water will be in demand
Jay Chemical Industries Ltd (JCIL) is a leading manufacturer of reactive dyes. The company is present in over 40 countries and has annual revenues exceeding $100 million. Advait Purani, Vice President (Domestic Marketing), JCIL, discusses the role of the government in the development of the textile sector.
What is the size of the global market for textile dyes and chemicals? At what rate is it growing?
The size of the global market for textile dyes and chemicals is $20 billion. It is growing at the rate of four to five per cent.
Which major sectors in the Indian textile industry need immediate government intervention?
The government needs to make availability of funds easy, provide basic infrastructure and guidelines and an attractive textile policy on Make in India. The government needs to look into ensuring the availability of skilled manpower and give equal focus to the export market.
What kind of governmental help will advance growth in your field since yours is a private enterprise?
Investment in new technology in terms of infrastructure, lucrative textile policy for investment, better pay scale and working environment, and availability of skilled manpower will be beneficial to industries.
Which factors will have a major impact on the performance of the Indian textile industry in the years to come?
I believe that the action plan for Make in India, strategy for exports, policies for the environment, guidelines and training will impact the performance of the Indian textile industry.
How do you see the Indian textile industry evolve in terms of technology by 2020?
New investments are coming into the industry. In terms of infrastructure, the future of the Indian textile industry is good. The industry requires an easy funding policy with low interest rate and strict repayment policy. Incentives for schemes for made in India as well on export need to be provided. Those investing in technology, infrastructure and environment-friendly processes must be given benefits.
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