Shekhar Agarwal
Group Vice Chairman LNJ Bhilwara Group
Your pursuit of giving best; proves better pursuance for your group. What makes you to drive so far?
Intense competition in the market and ever changing customer demand has no room for complacency.
It is a constant challenge for product innovation, more efficient operations, cost reduction, with continuous efforts for value addition to maintain margins.
Also, changes and uncertainty in government policies are another issue that the industry has to grapple with, regularly. Human resource development to train young managers into leaders has been a major advantage in creating a team that performs.
Please explain about your R&D sector. How it is helpful further to scale up your production along with a value addition to your supply chain?
The first goal is to go up the value chain as much as possible. In three years, the ratio of yarn sales has reduced from 65 percent to less than 45 percent, with more business in fabrics and garments.
To stay ahead of competition, major emphasis on product development is being laid, with better blends of raw material, more sophisticated finishes to fabrics in different structures, and value addition to garments through designing.
Please apprise us with your forthcoming plans in context to the roots of your group heritage ‘textile sphere’.
Furthermore, adding capacity to our existing business, we are seriously looking at diversifying into high technology technical textiles. We have also embarked on renewable energy where major investments have been committed.
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.
