We have also learnt that your order book is overflowing for the next three-four years, an envy for all your competitors! How will your company cope up with this?
LMW is booking orders with 10 % advance and price ruling at the time is applicable on account of longer delivery period. The customers have also the option to defer their delivery and wait for opportune moment for expansion/modernization. The deadline fixed for Technology Up gradation Scheme is also a driving force for buildup of Order book since we have expanded our capacity we could able to meet the customer’s requirements fast than before.
So, what is expert’s say on latest trend emerging on the global textile machinery front in the coming times?
Beside these add-ons in product features, what advantages LMW has to offer its customers?
LMW machines are able to offer value to the customers by way of Price, Performance parameters coupled with uniform pricing policy and commercial terms.
In view of the high exports target set by the Textile Vision 2010 document for India at US $50 billion, do you visualize this happening in face of delayed deliveries of textile machineries and slack execution of new plants and infrastructure?
As all the sectors are geared up to achieve the targets it is possible to reach the goal.
Do you foresee any major ‘across the board’ price hike in the textile machinery manufacturing sector in the near future?
The prices are decided by the market forces in an open economy. Without value addition to customers any price revision will not be supported in the market.
What goes in to the R & D efforts made by your company?
In order to be a global player we are bringing out new products developed by our R & D to add value to the customers. It’s a continuous effort and we will bring out new models in our products range to meet the customers requirements.
Looking forward, what 'more-good' do you see on the growth front of your esteemed company?
We are confident that the existing expanded capacity of 3.5mn spindles will meet the customers demand so that the dominance of Indian spinners will be maintained globally.
Is any change expected in your company focus from spinning to other textile industry sectors?
We have no plans other than spinning sector.
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.