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Vice President - International Business OWM
How do you rate the penetration of solar energy in Indian textile mills?
The textile spinning and weaving industry is one of the largest and oldest sectors in the country, and very important to its economy in terms of output, investment and employment. Statistics show that this sector consumes substantial conventional energy. While analysing the energy requirements of the sector, it was found that one of the processes in weaving called 'sizing' requires hot water at a temperature of 80-85°C. Hence, solar thermal intervention is possible in the sizing process. Even in textile finishing, hot water with temperatures ranging from 40°C to 110°C is required for the process at different stages. The heat required can easily be generated through the use of solar energy. The potential for replacing conventional energy sources with solar energy in sizing as well as other operations is huge and promising for commercialisation in this sector. Rooftop solar generation can also be helpful to meet the space constraints.
Which are your best selling products? Please give their percentage composition in your overall sales.
Worsted segment, being a compact market, accounts for 20.65 per cent of our overall product sales. It comprises:
1. Woollen worsted yarns
2. Wool tops
3. Woollen blended yarns
4. Acrylic yarns
5. Acrylic blended yarns
Denim segment accounts for 79.35 per cent. The products comprise the below:
1. Denim fabrics
2. Indigo yarn (cotton yarn)
Which are the biggest markets for your products? Which ones are coming up in a big way?
The domestic market is big round the year. Others include:
2. Sri Lanka
7. Latin America
Latin American nations and Korea are coming up in a big way for our export sales.
Please share details of your last two fiscals.
OWM had a growth of about 25 per cent and 18 per cent in 2014 and 2015 respectively, despite a global slowdown and increased prices of raw materials as far as wool is concerned.
What are your expectations from the coming two fiscals?
OWM is expecting a consistent growth of 15 per cent in the coming fiscals, as we are expanding our production capacities in denim fabrics and denim spinning yarn. We are also exploring overseas markets under various FTAs to reap benefits.
What is the budget allocated towards R&D?
OWM allocates approximately ₹ 3–4 crore on R&D for the development of new techniques such as total easy care, machine washable yarns, shrink resist yarns, moth-proof yarns. Our thrust is to develop new state-of-the-art techniques to improve efficiency in related fields.
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