Interview with G Radhakrishnan

G Radhakrishnan
G Radhakrishnan
Managing Director
Sieger Spintech Equipments Pvt Ltd
Sieger Spintech Equipments Pvt Ltd

Industrial automation is inevitable and is the need of the hour
Sieger Spintech Equipments Pvt Ltd offers cost-effective solutions in sheet metal fabrication, textile machinery and industrial automation. G Radhakrishnan, Managing Director of Sieger, talks about the level of automation in the textiles industry.

How would you describe the current state of the Indian textiles industry?

The Indian textiles industry is currently looking promising in terms of both strong domestic consumption as well as export demand. High disposable incomes coupled with a rise in consumerism has increased the textiles demand in India. The Indian textiles industry contributes 5 per cent to the GDP and 14 per cent in IIP. It employs nearly 40 million directly and 60 million people indirectly, making it the second biggest employment provider after agriculture. The total sales value of textile goods is estimated to be around $108 million, out of which $68 million is sold in the domestic market.

What is the size of the Indian textile machinery market? At what rate is it growing?

The Indian textile machinery industry comprises about 1,500 units, out of which 80 per cent are medium and small-scale manufacturers. About 40 per cent of them are engaged in the production of complete machines, and the rest are into production of parts and accessories. The market size of the textile machinery sector is about $12,000 crore, out of which domestic production stands at $7,000 crore and import is about $4,300 crore. The market is growing at a rate of about 4 per cent.

What do you think of textile machines 'Made in India'? How are they faring globally?

Indian textile machinery exports to the global market are about 5.5 per cent, which is very far off from other countries like China. Though the products have been accepted by mills abroad, they still fear about support, aftersales service, and availability of spare parts.

Which are your major domestic and international markets?

Our main market in India is north India, especially Punjab, Rajasthan and Gujarat. Major export markets for us are Bangladesh, Thailand and Indonesia.

What new technologies and innovations are trending in this industry?

In order to improve productivity, overcome labour shortages in the mill and produce consistent quality, many manufacturers are concentrating on increasing automation in their machinery. To compete with the international players' cost-effective solutions from raw material selection to production, methods are being adopted wherever possible without comprising the quality of our products.
Published on: 12/12/2016

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.

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