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How would you describe the spinning market in India? Are you seeing new markets?
I think it is growing at the rate of CAGR of 2-3 per cent, and investments are coming in. Hopefully, India's future free trade agreements will improve exports, and be helpful to the industry.
What is hampering the exports?
Demands from China are decreasing. Export is mainly based from the China market, and that export is slowing down. On the other side, our exporters are looking for new markets which are growing. Government initiatives in investments benefit when the subsidy is in the downstream process. This will also improve our domestic consumption.
Which are your big markets?
The biggest market, when you look at the world, it is clear-that it's China, followed by India. For Rieter, Turkey is also an important market where we are the market leader. We sold the most system installations there, which means from fibre to the end spinning systems. Our key customers and big customers are situated worldwide. But Southeast Asia is very important to Rieter, especially markets like Vietnam, Indonesia, Pakistan and Bangladesh.
In the beginning Bangladesh started downstream with knitting, but now they are investing more in spinning.
If you had to compare the spinning technologies in China with that of India, how is India faring?
When I think about India, I think about ring, Compact and rotors. Those are important topics here to produce yarn. At the moment, China is moving into fully automated machines. Customers in China are keener about airjet spinning. India is an expert at the spinning business when compared to China.
Which fairs will you be attending in 2017?
2017 is not a 'fair' year; last year was the big fair year. In 2016, we were at ITM Istanbul, besides ITMA Asia and ITME India.
How open are mills in India to adapting automation, robotics and systems with the internet of things?
From my point of view, there is a trend in automation. I think they are open, and they are interested in the whole thing and we at Rieter have the right solutions for it. SPIDERWeb does not only provide information, but also gives customers the opportunity to act at an early stage. Data about maintenance, productivity and quality makes a smart factory in lot of ways.
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